For Randall Kroszner, 2008 was all about doing the exact opposite of what the Fed did in the 1930s.
A look at what the Fed was doing — and wasn't — before the crisis hit the headlines and your bank account.
The Consumer Price Index rose 0.1 percent in December from the previous month. The “core” inflation rate — excluding volatile food and energy prices — rose 0.3 percent month-to-month. That’s the largest increase since January 2017, and was higher than economists expected. But does it mean we’re beginning to see a serious uptick in inflation? […]
The Federal Reserve has two main jobs: maximize employment and keep prices stable. That second piece, stable prices, has meant the Fed tries to keep inflation at 2 percent. Former Fed Chair Ben Bernanke made that target the explicit goal about six years ago, but it’s been unofficial far longer than that. Lots of other […]
It may not be much of a surprise, but Yellen's departure does leave some questions about the future of the Fed.
In the future, the Fed and others will have to create new ways to work outside the financial system