FOMC Projects Even Higher Inflation
Fed officials raised their projections for inflation this week. The median Federal Open Market Committee (FOMC) member now projects inflation...
William J. Luther
Inflation Slowed in April, But Remains High
The latest release from the Bureau of Economic Analysis shows that prices rose rapidly in April 2022, though not quite...
When Should the Federal Reserve Have Moved on Inflation?
I have been pretty hard on Fed officials over the last several months. As I recently wrote at National Review:...
Prices Continue to Rise, Exceeding Fed Projections
New data from the Bureau of Economic Analysis shows that prices continue to rise at breakneck speed—and much faster than...
Asymmetric Average Inflation Targeting and Expectations
When the Federal Reserve adopted an average inflation target in August 2020, I was cautiously optimistic. The period-by-period inflation target...
Supply Disturbances Do Not Explain High Inflation
The Biden administration continues to cite temporary supply disturbances as the cause for high inflation. Following the Consumer Price Index...
Has the Fed Abandoned Its Average Inflation Target?
Inflation continues to exceed the Federal Reserve’s 2 percent target. The Personal Consumption Expenditures Price Index (PCEPI), which is the...
FOMC Projects Higher Inflation
At this week’s meeting of the Federal Open Market Committee (FOMC), monetary policymakers revised up their projections of inflation. The...
Inflation Rips Ahead of March FOMC Meeting
The latest release from the Bureau of Economic Analysis shows that inflation surged in January. The Personal Consumption Expenditures Price...
Inflation Exceeds Fed’s Projection
As Nobel Prize-winning physicist Niels Bohr once quipped: “Prediction is very difficult, especially if it’s about the future.” Members of...
Price Controls?!
With inflation higher than it has been at any time in the last thirty-five years, many are wondering what can...
Price Controls?!
With inflation higher than it has been at any time in the last thirty-five years, many are wondering what can...
