Viewpoints

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 [...]

The US and China just concluded another round of lower ranking official trade negotiations. The next step is more formal talks with senior officials and there is great anticipation that a trade deal will be struck between China and [...]

The Philadelphia Federal Reserve Bank's estimates of state coincident activity in November shows further signs of converging growth across the nation. 32 states have seen gains between 2% and 4% over the last 12 months. Florida, with [...]

In 2008 I attended the Federal Reserve Bank of Boston 52nd annual economic conference "Understanding Inflation and the Implications for Monetary Policy." During one of the panel discussions of then current policymakers I asked, "How [...]