Archive for the ‘Federal Reserve’ Category

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

Will the funds rate have time to get back to “normal” (wherever that is) before the next recession?

August 24th, 2016

I’ve got  a piece up at WaPo riffing off of this new paper by Fed economist David Reifschneider (DR). I wanted to add an interesting figure here that I couldn’t jam in the WaPo post. Some of the data in the figure comes from DR’s table 1 showing the number of basis points (hundredths of a percent, so… Read more

It’s all connected…4 referrals from today’s papers.

August 19th, 2016

Three articles, one blog post. First, Dean Baker points to this great Bloomberg article by former Fed regional bank pres Narayana Kocherlakota (NK) on how, since black unemployment typical runs 2x the overall rate, Fed policy is especially consequential for them (and other minorities). It’s really just the old adage that when the economy sniffles, less… Read more