Why spending $2 trillion on child care, health care and fighting climate change won't make inflation any worse than it already is

Dec 20, 2021 09:57 am UTC| Economy

One of the main concerns raised by critics of President Joe Bidens Build Back Better plan is that it will drive up inflation, which is already running at the fastest pace in four decades. The Senate is currently...

Central Banking Series

Paul Volcker helped shape an independent Federal Reserve – a vital legacy that's under threat

Dec 11, 2019 03:57 am UTC| Insights & Views Central Banks Economy

Paul Volcker, who died on Dec. 8, is the poster boy for central bank independence and why it matters. One of his legacies, as you may have read in the many obituaries published since his death, is taming the runaway...

Fed’s rate cut signals a recession may be ahead – and it may not have enough ammunition to fight it

Sep 22, 2019 13:54 pm UTC| Insights & Views Central Banks

The Federal Reserve seems a lot more concerned about the state of the economy than its been letting on. The Fed lowered its target interest rate by a quarter point on Sept. 18, the second such cut since July and the...

Why Federal Reserve independence matters

Jun 21, 2019 01:42 am UTC| Insights & Views Central Banks Economy

Should you care if the Federal Reserve loses its independence? Its become a growing risk in recent years as President Donald Trump has repeatedly attacked the U.S. central bank over interest rate policy and tried to...