NEW YORK (Reuters) -Central banks should still be able to conduct monetary policy effectively and perhaps be even nimbler in a more decentralized financial system, according to the findings of a joint ...

Discover the differences, benefits, and impacts of fiscal and monetary policies on economic stability and growth.

The affordability crisis, especially in housing, health care and education, is not about Federal Reserve decisions.

Central banks need not fear the widespread tokenization of money and securities, according to recent findings from the Federal Reserve Bank of New York and the Bank for International Settlements. On ...

This paper examines how housing market overvaluation—measured by the price-to-rent ratio and its deviations from long-term trends—affects the transmission of monetary policy. Using U.S.

With the Fed’s third rate rise this year, the last under Janet Yellen’s leadership, the era of ultra-low interest rates could be coming to an end. If so, it’s not before time, as maintaining ultra-low ...

Jerome Powell, Chair of the Federal Reserve, received the 2025 Adam Smith Award for exemplary leadership and navigating complex monetary policy challenges. Powell reiterated the Fed's data-driven ...

Recent research has identified periods when the Federal Reserve intentionally acted to slow inflation when it exceeded desired levels. The success of these disinflation attempts reveals the extent of ...

Surveys of professional economic forecasters and financial market data can reveal public perceptions about the future conduct of monetary policy. Current estimates suggest that both professional ...

Central banks conduct monetary policy to achieve price stability, but decisions also have effects on labor-market outcomes. In this paper, we identify exogenous monetary shocks with the ‘interest rate ...