Federal Reserve Chair Jerome Powell discussed "economic developments" at a White House meeting organized by President Donald ...

For that reason, in every advanced economy except Canada, monetary policy is delegated to a committee of experts rather than to a single decision-maker. In practice, however, decision-making has been ...

This data series is part of the Center for Monetary Research. Monetary Policy Surprises data capture the exogenous changes in interest rates over tight windows around the monetary policy announcements ...

Many people think that there is a settled body of science to guide monetary policy, and that the Fed “runs” the economy, but both views are grossly mistaken. No single person or committee runs ...