Macro Musings

As the Fed approaches its next framework review period, there are a number of changes that the central bank can make to improve how it evaluates and executes monetary policy.

As AI technology continues to progress, its effects may forever change the world of economics and economic policymaking.

In an era plagued by high inflation and its pernicious economic effects, it’s more important than ever to dispel the many false notions surrounding prices and the crucial role they play in the broader economy.

George Selgin rejoins David Beckworth to discuss a variety of important developments in the monetary and fiscal policy space.

Slowing the pace of its balance sheet runoff is an important step the Fed can take to more effectively manage risks while allowing the banking system to adapt to lower levels of reserves.

As the Fed closes in on its next framework review period, properly balancing inflation risks with labor market stability remains the core mission of the central bank moving forward.

Restructuring the terms of Fed board members and bolstering the relative power of reserves banks are just a few ways to improve the accountability and legitimacy of Fed governance.

The Fed should consider improving its strategic communication while more effectively anchoring future inflation expectations as it closes in on its next framework review period.

The global strength of the dollar has provided many economic and geopolitical benefits for the US, but it has also come with numerous costs, both domestically and internationally.

From the collapse of the Bretton Woods system to the present, the US has continued to further implement its Treasury Standard across the globe as an effective economic and geopolitical tool.