A U.S. senator's recent push to strip the Federal Reserve of a key aspect of how it controls interest rates and the battle ...

The Federal Reserve is working with the White House to accommodate President Donald Trump's unexpected visit to the U.S.

Empirical monetary policy shocks (EMPS) contain information about monetary policy both today and in the future. We define the term structure of monetary policy news as the marginal impact of an EMPS ...

U.S. Treasury Secretary Scott Bessent said the Federal Reserve's vital independence on monetary policy is threatened by its ...

While the Bank of Canada can set its policy rate independently of the Fed’s rate, it has less control over the long-term. and reflect expectations for future short-term rates and risk factors.

Central banks conduct monetary policy to achieve price stability, but decisions also have effects on labor-market outcomes. In this paper, we identify exogenous monetary shocks with the ‘interest rate ...