Monetary Policy
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Why Didn’t 2008 Bank Bailouts Produce COVID-Level Inflation?
Washington responded to two crises with extraordinary monetary and fiscal interventions. Why did COVID-era stimulus produce soaring inflation when the response to the 2008 financial crisis did not?
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Revised Inflation Data Don’t Change the Fed’s Job
The BEA’s annual revisions shaved a few tenths off the rate of inflation. But spending levels suggest the Fed’s fight is far from over.
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The Fed Finally Raised Rates. Now Comes the Hard Part.
Inflation has been above target for 65 months. The Fed took a first step, but to restore stability, tightening must continue.
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Warsh’s First Test: Will the Fed Follow the Rules?
Monetary rules indicate interest rates are too low. September’s FOMC meeting offers an opportunity for the Fed to correct course.
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AIER Everyday Price Index Rises Again, Showing Household Budgets Under Pressure
Inflation has stalled well above the Fed’s target. The last mile may prove the hardest, and affordability feels more distant than ever.
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Why CPI Ignores Homes, Stocks, and the Cost of Getting Ahead
Capturing only what households consume, inflation stats miss the assets they hope to own. Recent inflation has rewarded existing owners at the expense of aspiring ones.
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How the Dollar Became American
Brendan Greeley’s new book ‘The Almighty Dollar’ traces the dollar’s 500-year journey from a European silver coin to the shaky foundation of American financial power.
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With Energy Prices Falling, Inflation Has Nowhere to Hide
Spending growth is still outstripping productive capacity, and the Fed can no longer blame high prices on volatile energy markets.
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The Nixon Shock 55 Years Later: Three Impossible Promises
Nixon promised jobs, stable prices, and protection for the dollar. His “fixes” helped usher in a new era of inflation, debt, and monetary instability.
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The Real Cost of $40 Trillion in Debt
Unchecked spending has pushed the federal debt to $40 trillion, weakening the economy and limiting the nation’s options when the next emergency arrives.
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•
Why Didn’t 2008 Bank Bailouts Produce COVID-Level Inflation?
Washington responded to two crises with extraordinary monetary and fiscal interventions. Why did COVID-era stimulus produce soaring inflation when the response to the 2008 financial crisis did not?
-
•
Revised Inflation Data Don’t Change the Fed’s Job
The BEA’s annual revisions shaved a few tenths off the rate of inflation. But spending levels suggest the Fed’s fight is far from over.
-
•
The Fed Finally Raised Rates. Now Comes the Hard Part.
Inflation has been above target for 65 months. The Fed took a first step, but to restore stability, tightening must continue.
-
•
Warsh’s First Test: Will the Fed Follow the Rules?
Monetary rules indicate interest rates are too low. September’s FOMC meeting offers an opportunity for the Fed to correct course.
-
•
AIER Everyday Price Index Rises Again, Showing Household Budgets Under Pressure
Inflation has stalled well above the Fed’s target. The last mile may prove the hardest, and affordability feels more distant than ever.
-
•
Why CPI Ignores Homes, Stocks, and the Cost of Getting Ahead
Capturing only what households consume, inflation stats miss the assets they hope to own. Recent inflation has rewarded existing owners at the expense of aspiring ones.
-
•
How the Dollar Became American
Brendan Greeley’s new book ‘The Almighty Dollar’ traces the dollar’s 500-year journey from a European silver coin to the shaky foundation of American financial power.
-
•
With Energy Prices Falling, Inflation Has Nowhere to Hide
Spending growth is still outstripping productive capacity, and the Fed can no longer blame high prices on volatile energy markets.
-
•
The Nixon Shock 55 Years Later: Three Impossible Promises
Nixon promised jobs, stable prices, and protection for the dollar. His “fixes” helped usher in a new era of inflation, debt, and monetary instability.
-
•
The Real Cost of $40 Trillion in Debt
Unchecked spending has pushed the federal debt to $40 trillion, weakening the economy and limiting the nation’s options when the next emergency arrives.