Econ Comments & Analysis
Mercatus | Legislation to Reform the Federal Reserve on its 100-Year Anniversary
I will focus my remarks on the portions of the proposed legislation that relate to the Federal Reserve’s role as a regulator and supervisor of financial institutions—an area in which its ambitions outstrip its capabilities.
Market Watch | Fed's George says rates may need to rise this year
Kansas City Federal Reserve President Esther George said Thursday that many monetary policy indicators she uses are pointing to the need for a possible rate hike this year, according to the Wall Street Journal.
Mercatus | Inflation Targeting: A Monetary Policy Regime Whose Time Has Come and Gone
In a new study for the Mercatus Center at George Mason University, however, Western Kentucky University professor David Beckworth suggests that inflation targeting as a monetary policy regime is inadequate because it is unable to deal with large supply and demand shocks in the economy and contributes to financial instability.
