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

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 ...

Rudebusch (CR) decomposes the nominal yield curve into three components: future short-term interest rate ... It is the measure relevant for macroeconomic and monetary policy analysis as well as risk ...

Inflation is declining, to 4.2 percent this year and 3.5 percent next year, in a return to central bank targets that will allow further normalization of monetary policy. This will help draw to a close ...