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www.frbsf.org | ||
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www.moneyandbanking.com
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| | | | | Since May 2021, we have criticized the Federal Reserves lagging response to surging inflation. In our view, both policy and communications were inadequate to address the looming challenge. Early this year, we argued that the Fed created a policy crisis by refusing to acknowledge the rise of trend inflation, maintaining a hyper-expansionary policy well after trend inflation reached levels far above their 2% target, and failing to articulate a credible low-inflation policy. Against this background, we comm... | |
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www.clevelandfed.org
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| | | | | The recent global financial crisis left governments in many advanced countries with very heavy debt burdens and their central banks with huge portfolios of government bonds. With many central banks today still facing policy rates that are uncomfortably close to zero, some may follow the example of Japan, which recently added a new long-term interest-rate target to its short-term target to give itself "yield-curve control." The Federal Reserve's foray into similar territory around the Second World War sug... | |
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www.brookings.edu
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| | | | | The Federal Reserve likely will need to push unemployment far higher than its 4.1 percent projection if it is to succeed in bringing inflation down to its 2 percent target by the end of 2024 according to this BPEA report. | |
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www.soberlook.com
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| | | Based on the data from the Federal Reserve Bank of St. Louis here is a single chart that shows credit growth in the US is continuing to de... | ||