Viewpoints: 2019

The Trump Administration is cheering the initial GDP results for 2018, claiming that the fastest economic growth in more than a decade proves that the bold and risky fiscal policy experiment of legislating substantial cuts in business [...]

Policymakers are involved in another debate about inflation, but this time its because some think reported inflation is too low, not too high. The new view is not based on any formal review or research. Rather, some policymakers think [...]

At the January 29-30 Federal Open Market Committee meeting policymakers decided to adopt a “patient posture” arguing that they saw “few risks” in maintaining the current target range for the federal funds. Easy money conditions have [...]

It has long been observed that inflation is a monetary phenomenon. The foundation for this observation was developed decades ago when accelerating and decelerating rates of consumer price inflation were associated with similar [...]

At the press conference following the January 29-30 Federal Open Market Committee meeting Fed Chair Jerome Powell stated that members "believe that our current policy is appropriate at this time". Only 6 weeks before at the press [...]

The Philadelphia Federal Reserve Bank's December estimates of state coincident activity continue to show a fairly moderate range of growth among the states, with 34 (2 more than the initial results for November) seeing gains between [...]

The Philadelphia Federal Reserve Bank’s December estimates of state coincident activity continue to show a fairly moderate range of growth among the states, with 34 (2 more than the initial results for November) seeing gains between [...]

Federal Reserve officials are between a rock and a hard place. Even though economic growth has topped policymaker’s expectations turbulence in the financial markets due to fear of tighter monetary conditions and the risk of a trade [...]