In 2020, the Federal Reserve (the Fed) responded to an acute recession by cutting interest rates and launching large-scale asset purchases to support credit and stimulate demand. Then, inflation in ...

This paper examines the effectiveness of inflation targeting (IT) frameworks during the global inflation surge of 2022, a shock primarily driven by large adverse supply side disruptions following the ...

Southern California shoppers are seeing an unwelcome return of worrisome inflation. My trusty spreadsheet looked at what shoppers pay for goods and services by combining three regional Consumer Price ...

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