Expect the FOMC to lay the groundwork for a major policy shift that includes a rate hike in March, another in June, and a balance sheet runoff likely to start in June or July. … READ MORE >
full employment
Monetary and fiscal policy in a changing economy: The Fed’s mandate for price stability
In the year ahead, the economy and financial markets will be influenced by how the Federal Reserve strikes a balance between its dual mandates of full employment and price stability. We examine the challenge of keeping prices stable. … READ MORE >