The Fed Should Fix the Interest on Reserves Floor
Teaser: The Federal Reserve should fix the interest on reserves floor for the federal funds rate to facilitate the normalization of interest rate policy without interfering in financial markets....
View ArticleA Better Pathway for the Fed
Teaser: The economy is growing, labor markets have improved dramatically, and inflation is forecast to return to two percent over the intermediate term. However, the Fed still expresses extreme caution...
View ArticlePut The Squeeze On Operation Choke Point
Teaser: A controversial (and secretive) government program known as Operation Choke Point is finally receiving the negative attention that it deserves. Operation Choke Point flies in the face of the...
View ArticleJobs Data Show that Fed Should Monitor Money
Teaser: The March employment report brought to a close a disappointing quarter for the U.S. economy. With only 126,000 new jobs created last month, gains since January totaled 591,000. That’s a...
View ArticleRegulation's Stranglehold On Millennials' Futures
Teaser: Millennials are inheriting a bleak fiscal future. How can we change Washington’s direction in order to paint a brighter future for America’s next generation? Perhaps the easiest way to begin...
View ArticleOld Money: How the Fed’s Actions Harm Millennials
Teaser: In monetary policy, Washington is playing favorites and the young are the losers. They do not benefit from the decline in mortgage rates because they cannot afford home ownership. While some...
View ArticleThe QE Trap
Teaser: QE cannot solve the main problems of the eurozone.This article originally appeared in IntereconomicsQuantitative easing (QE) is the latest central bank fad. After years of QE by the US Federal...
View ArticleThe Dangers of Data-Dependent Monetary Policy
Teaser: There are some genuine risks to policies that place too much emphasis on each and every piece of incoming data, risks that Fed policymakers should recognize when following their data-driven...
View ArticleWhy Millennials Should Pay Attention to Monetary Policy
Teaser: The Federal Reserve is responsible for the economic well-being of the United States. Yet, if existing monetary policies are burdening the Millennial generation, how can America ever expect to...
View ArticleLess Fedspeak, Please!
Over the next several weeks, economists, journalists, and financial market participants will carefully scrutinize every word from every speech given by every Federal Reserve Governor and Reserve Bank...
View ArticleTwenty-Five Basis Points That Could Shake the World
Teaser: If I were a Fed official, I would give greater weight to the markets' consensus forecast than to the predictions of an econometric model.Never has so much been said by so many about so...
View ArticleChallenging the Fed in Jackson Hole
Teaser: As the stock market waited anxiously through the Federal Reserve’s Jackson Hole Summit this weekend for clues to future monetary actions, another conference was held just miles away. The...
View ArticleConfusion and Contradiction at the Fed
Teaser: The Fed's attempts at “forward guidance” appear to have confused consumers and businesses more often than they enhanced their ability to make informed decisions. Rather than describe the...
View ArticleWhy Should the Fed Raise Rates While Inflation Is Below Two Percent?
Teaser: Looking back to 2010 reminds us that monetary policy decisions must always be made under uncertainty, and that risks are always present.Unemployment has fallen to 5.1 percent, much closer to...
View ArticleIt’s Time To Reconsider the Fed’s Dual Mandate
Teaser: Dissenting views to the FOMC’s consensus should be welcomed in an era of low growth. The best place to start moving towards a sound monetary policy system is by reevaluating the Fed’s...
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