Tariffs can be inflationary if they reduce real economic output, but the size of the effect matters. Read more here.

The president hasn’t named a successor to Jerome H. Powell, but his insistence on someone who will lower interest rates has ...

Kudos to Sen. Cruz for having the courage to challenge the central bank,’ writes Judy Shelton.

The newly published meeting minutes highlighted a divide over how Federal Reserve officials expect the economy to respond to ...

If leading the Federal Reserve isn’t challenging enough, the next central bank chair will face an additional burden.

Fed policy actions contradict its stated rule to focus on the mandate most out of balance, undermining credibility and ...

Monetarists have long believed that the Fed should pursue policies of low inflation in order to counter the effects of lower ...

We document large, longer-term, joint regime shifts in asset valuations and the real federal funds rate-r* spread. To interpret these findings, we estimate a novel macro-finance model of monetary ...

This paper is about the effectiveness of qualitative easing, a form of unconventional monetary policy that changes the risk composition of the central bank balance sheet with the goal of stabilizing ...