Monetary Policy

A help wanted sign is posted on the door of a gas station in Encinitas, California (REUTERS/Mike Blake).

Opinion

September 26, 2013, George L. Perry

Should markets have been surprised by the Fed's decision not to taper down its bond purchases? What was the Fed saying about its views on unemployment? George Perry discusses whether the current unemployment rate is set to remain high because of structural changes in the job market or is still connected to the business cycle.

Recent Activity

Refine by: U.S. Economic Performance | Federal Reserve System | Global Financial Crisis | Fiscal Policy

Interview

A Conversation on the Upcoming G-20 Leaders’ Summit in St. Petersburg

August 23, 2013, Kemal Derviş, Eswar Prasad and David Dollar
In the News

Certainly there is going to be a lot of talk about currency valuation, and maybe some reference in the [G20] communique [in Moscow], although most of it will be below the surface.
February 11, 2013, Domenico Lombardi, Financial Times
In the News

With the rating agencies discredited and markets vulnerable to adverse news on the economy, the period of unusual uncertainty could be prolonged.
February 5, 2013, Donald Kohn, Bloomberg
In the News

[While quantitative easing by the Bank of Japan] may have an effect on the exchange rate, it is not the same as outright currency intervention. Moreover, the U.S. would be hard pressed to criticize Japan as the [Federal Reserve] has also resorted to quantitative easing to avoid deflationary pressures.
January 17, 2013, Mireya Solís, Reuters
In the News

The largest sources of uncertainty for the U.S. are internal, and foreign leaders may want to understand that.
January 11, 2013, Domenico Lombardi, Bloomberg
In the News

History will have judged Ben Bernanke to have been an outstanding chairman who did what he had to do under extremely difficult circumstances.
October 31, 2012, Donald Kohn, Bloomberg
In the News

Central banks are under a lot of scrutiny right now. It's partly because they are using these unconventional measures that people don't really understand and don't really trust.
September 2, 2012, Karen Dynan, Reuters
In the News

Why is it that we've had such incredibly accommodative monetary policy for so long and we've had so little growth?
September 2, 2012, Donald Kohn, Wall Street Journal
In the News

The Fed has the power to stimulate the economy. Perhaps that power is somewhat limited, but it can certainly do more than it is currently doing.
August 1, 2012, Justin Wolfers , Politico
In the News

My sense is that Republicans will be highly critical of the Fed if it pursues additional stimulus in any form. Venturing into mortgage markets beyond buying mortgage-backed securities seems to be a step too far into fiscal policy for Fed critics.
July 26, 2012, Sarah A. Binder, Bloomberg Businessweek