The US economy is facing a K-shaped recovery, with some segments of the population doing well while others are struggling, ...

Indebted Western governments face the temptation to let higher prices erode their heavy borrowings. Independent central banks ...

In an attempt to explain business cycles, Milton Friedman came up with a plucked-string analogy. Like all Monetarist theories, however, this also had fatal ...

The ongoing feud between President Trump and Fed Chairman Jerome Powell centers on interest rates. This tells us more about the near-universal view of what constitutes monetary policy than it does ...

William McChesney Martin, Federal Reserve chair from 1951 to 1970, famously said the Fed’s role is to “take away the ...

The 4-trillion-yuan ($561.3 billion) stimulus package, launched in November 2008, has been widely debated. Many economists ...

At Jackson Hole, Jerome Powell could lay out more overarching changes to the central bank’s dual mandate that will last long ...

While monetary inflation has various economic effects—predictable and surprising, direct and indirect—this article seeks to ...

AI investments have contributed meaningfully to U.S. economic growth, but investors could find this financial boon is a ...

In March 2024, Miran co-authored a policy brief calling for Fed reforms that would allow all top officials to be subject to ...