Recent research has identified periods when the Federal Reserve intentionally acted to slow inflation when it exceeded ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This note provides a conceptual framework to organize discussions of the appropriateness of the monetary policy stance and ...

As 2025 begins, the trajectory of U.S. monetary policy remains one of the most hotly debated topics in financial and economic circles. Following a tumultuous 2024 marked by persistent inflationary ...

The Federal Reserve doesn’t need to adopt a “Monetary Policy Rule.” Not only would the central bank shed the pretense of rules-based constraints on its power during times of upheaval and unc ...