Central Banking
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The Fed Pushes Pause
Fed officials have delayed adjusting the federal funds rate, perhaps believing that the neutral rate of interest has risen.
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Against Central Bank Independence
Central banks should be apolitical, not unaccountable. Monetary technocrats should serve the People.
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To Whip Inflation, Trump Needs The Courage To Be Unpopular
When the President and Congress blow out the budget, the difference is borrowed from future (imagined) surpluses. That depreciates the dollar.
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Forecasts Stable: The Fed Should Take a Breather
Monetary policy is right where we want it: close to neutral. No cuts are needed as price pressures continue to moderate.
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Modern Monetary Theory and the Challenge of Endogenous Money Supply
The Fed’s balance sheet, and its influence, remain enormous. A lighter touch at the top would allow more flexibility in the economy.
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What Happened at the 2024 AIER Monetary Conference: Building a Better Fed Framework?
A jam-packed day of monetary history, theory, policy, and their real-world effects. Watch the video for free today!
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The FOMC Should Hold Rates Steady
Monetary policy remains tight. We have enough data to see a (hopefully temporary) stall in disinflation. FOMC should keep its target rate at 4.50 to 4.75 percent for now.
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WSJ’s Prof. Blinder Misses Again on Inflation Analysis
Tariffs will cause a one-time price jump, but they won’t cause sustained inflation. Central banks do that by raising total spending.
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Does Trump Owe the Fed a Thank You?
The Fed flooded the economy with new money, driving prices up. Voters responded to inflation by booting the incumbent administration.
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The Fed’s Gold Standard Confusion
While in theory, fiat money may be cheaper to maintain than a gold standard, in practice, central banks fail to deliver long-run price stability.
-
•
The Fed Pushes Pause
Fed officials have delayed adjusting the federal funds rate, perhaps believing that the neutral rate of interest has risen.
-
•
Against Central Bank Independence
Central banks should be apolitical, not unaccountable. Monetary technocrats should serve the People.
-
•
To Whip Inflation, Trump Needs The Courage To Be Unpopular
When the President and Congress blow out the budget, the difference is borrowed from future (imagined) surpluses. That depreciates the dollar.
-
•
Forecasts Stable: The Fed Should Take a Breather
Monetary policy is right where we want it: close to neutral. No cuts are needed as price pressures continue to moderate.
-
•
Modern Monetary Theory and the Challenge of Endogenous Money Supply
The Fed’s balance sheet, and its influence, remain enormous. A lighter touch at the top would allow more flexibility in the economy.
-
•
What Happened at the 2024 AIER Monetary Conference: Building a Better Fed Framework?
A jam-packed day of monetary history, theory, policy, and their real-world effects. Watch the video for free today!
-
•
The FOMC Should Hold Rates Steady
Monetary policy remains tight. We have enough data to see a (hopefully temporary) stall in disinflation. FOMC should keep its target rate at 4.50 to 4.75 percent for now.
-
•
WSJ’s Prof. Blinder Misses Again on Inflation Analysis
Tariffs will cause a one-time price jump, but they won’t cause sustained inflation. Central banks do that by raising total spending.
-
•
Does Trump Owe the Fed a Thank You?
The Fed flooded the economy with new money, driving prices up. Voters responded to inflation by booting the incumbent administration.
-
•
The Fed’s Gold Standard Confusion
While in theory, fiat money may be cheaper to maintain than a gold standard, in practice, central banks fail to deliver long-run price stability.