Archive for the ‘Federal Reserve’ Category

Anatomy of a hawkish dove

September 26th, 2016

Eric Rosengren, the President of the Boston Federal Reserve Bank, was one of three dissenting votes in the Fed’s decision last week not to raise the benchmark interest rate they control. Since Rosengren has a pretty dovish record—he’s not one to see spiraling inflation around every corner, when the data say otherwise—his dissent was surprising… Read more

New paper from our full employment project: Binder/Rodrigue on updating Fed toolbox

September 9th, 2016

Last week, the Center on Budget and Policy Priorities’ Full Employment Project published an important new paper—Monetary Rules and Targets: Finding the Best Path to Full Employment—by Haverford’s Carola Binder and Alex Rodrigue (B&R). The paper takes a close look at a critical aspect of how the Federal Reserve makes decisions about monetary policy: the… Read more