Forefront Topic
Monetary Policy
- The Fed’s Exit Strategy Explained
- Mark S Sniderman
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- Beginning in 2008, the Federal Reserve purchased $1.25 trillion worth of mortgage-backed securities, dramatically increasing the asset side of the central bank’s balance sheet.
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- Audio Presentation: The Fed’s Exit Strategy Explained
- Mark S Sniderman
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- Mark Sniderman, executive vice president and chief policy officer for the Cleveland Fed, discusses some of the ways the central bank can reduce the size of its balance sheet without in incurring inflation.
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- Interview with Laurence Meyer
- Mark S Sniderman
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- Former Federal Reserve governor on the state of macroeconomics.
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(PDF)
- President’s Message
- Sandra Pianalto
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- The Federal Reserve has taken many steps to enhance how we communicate our policy intentions to the public. I believe now is an opportune time to take another important step along that path.
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(PDF)
- A Short History of Inflation Targeting at the Federal Reserve: Q&A with Marvin Goodfriend
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- The former Federal Reserve official explains why he thinks an explicit inflation target may be in the Fed’s near-term plans.
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(PDF)
- Price Stability: Why We Seek It and How Best to Achieve It
- Sandra Pianalto
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- Why price stability is essential for maximum employment, and how the adoption of a numerical target for inflation may improve the central bank’s ability to achieve both objectives.
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(PDF)
- Isn’t pursuing a low and stable inflation rate going to cost the economy jobs?
- John B Carlson and Owen F Humpage
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- On the contrary: Low and stable inflation is an essential ingredient for growing jobs.
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(PDF)
- Is an explicit inflation objective consistent with a dual mandate?
- Brent Meyer and Mark E Schweitzer
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- It can be. In fact, it may even allow the Fed more room to pursue short-term output and employment stabilization.
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(PDF)
