Economics

The Fed has two tools to influence financial market conditions – Liberty Street Economics

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A picture of the Federal Reserve building in Washington, DC

Adam Copeland and Owen Engbretson The Federal Reserve’s 2022-23 tightening cycle includes the use of two monetary policy tools: changes in policy rates and changes in the size of its balance sheet. This post highlights the results of a recent Labor Report that examines how these instruments affect financial market conditions. Using trade-level private data, … Read more

April Fools for America First? High Prices and a New War | Everyday Economics

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April Fools for America First? High Prices and a New War | Everyday Economics

If April Fools have a patron saint in politics, it might be the candidate who promises lower spending and less war, then delivers the opposite of both. Just a few months into his second term, the gulf between Donald Trump on the campaign trail and Donald Trump in office has become hard to ignore. These … Read more