Fed Policy
176 postsNot So Scary After All: Disinflation and the Phillips Curve
In our previous piece in our vacancies series, we took a deep dive into Ball, Leigh and Mishra (2022), “Understanding U.S. Inflation During the COVID Era,” a paper presented at the Brookings Papers on Economic Activity Conference in September 2022. The paper, which warned that the Fed’s...
January Jobs Day Quick Preview - Messy Revisions And A New Unemployment Low?
What the data tells us to expect for Friday: * Interpreting nonfarm payroll employment numbers will be messy due to the benchmark revision: The BLS folds in more comprehensive...
February FOMC Quick Recap: The (Recessionary) Projections of December Live On
Summary: Today's FOMC Statement and press conference shows high continuity with the thinking reflected in the December FOMC meeting. The Fed does not appear to be...
Does Unemployment Actually Have To Rise For Wage Growth To Slow?
Wage growth is slowing. Job openings are increasing, unemployment is holding, and wage growth is slowing. This was supposed to be impossible–so what does it mean that it’s happening?
