Inflation and the Fed’s Failure to Act
Prices are rising at the highest rates in 40 years. The Federal Reserve’s overly expansionary policy is the main culprit. Yet...
Thomas L. Hogan
Is the Fed Finally Serious About Inflation?
Until recently, the Federal Reserve wasn’t taking inflation seriously. Fed officials claimed to be serious about inflation. Fed Chair Jerome...
Fed Must Act Now to Stop Runaway Inflation
Price inflation in the United States is getting out of control. Americans are seeing prices rise at the fastest rates...
Hollywood’s Monetary Policy
Many great movies are “based on a true story”—meaning some parts are true, but the details, even entire plotlines, are...
The Renewed Politicization of the Federal Reserve
Economic research shows that monetary policy works best when conducted by an independent central bank. After Fed chairs in the...
Stages of Quantitative Tightening
In light of recent high inflation, the Federal Reserve has accelerated plans to tighten its monetary policy. Many in the...
What Did the Fed Know in the Great Recession?
Federal Reserve officials pride themselves on making data-dependent decisions using the most up-to-date information on the state of the economy....
Does Monetary Policy Matter?
Monetary economists believe that the growth rate of the money supply is an important determinant of short-run economic outcomes. Good...
Financial Regulators Ignore the Costs of Regulation
The U.S. financial regulatory agencies are tasked with stabilizing the financial system. They pursue this mission by monitoring the operations...
Despite Fed Asset Purchases, Lending Remains Depressed
Economists from across the political divide are worried about inflation. In May, Lawrence Summers warned about the increasing risk of...
How the Fed Can Improve Financial Stability and Reduce Inequality
One of the most important economic questions facing President Biden is whom to appoint as chair of the Federal Reserve....
Not Smart Financial Regulation
On July 1st, a new regulation for large U.S. banks, the Net Stable Funding Ratio (NSFR), went into effect. This...
