THE FEDERAL RESERVE is usually run by technocratic consensus. Today it has become a battleground. On September 17th the Fed cut interest rates for the first time since December, by a quarter of a ...

Recent research has identified periods when the Federal Reserve intentionally acted to slow inflation when it exceeded desired levels. The success of these disinflation attempts reveals the extent of ...

Surveys of professional economic forecasters and financial market data can reveal public perceptions about the future conduct of monetary policy. Current estimates suggest that both professional ...