AI is a transformational technology, perhaps in ways as dramatic as past technological achievements. Philip Jefferson considers how AI will influence the Fed’s dual mandate of promoting maximum employment and stable prices
Artificial Intelligence and the economy Read More »
The US economy has shown resilience in a context of sweeping changes in economic policy. Jerome Powell says inflation and the hiring slowdown are creating challenging conditions and that balance of risks is changing
Monetary policy and the Fed’s framework review Read More »
Climate change has accelerated. James Talbot discusses the channels through which climate shocks affect the economy, the trade-offs they can present for policymakers and why central banks need to better understand these risks
Patrick Minford discusses the deep hole that UK governments have dug for the British economy, and considers what can be done to return the United Kingdom to growth
How can the United Kingdom find an exit? Read More »
Donald Trump has promised a raft of new tariffs, prompting concerns about a concomitant increase in inflation. Diego Comin and Robert Johnson argue that tariffs do not necessarily raise inflation, which is a macroeconomic phenomenon
Tariffs are coming: how trade dynamics will shape aggregate demand and inflation Read More »
Low growth and increased uncertainty pose new challenges for monetary policy. Luis de Guindos argues that preserving the strength and resilience of euro area banks is crucial in this environment
The economic outlook and monetary policy in the euro area Read More »
Monetary policy is being eased as inflation falls. Christopher Waller considers the geopolitical risks that will remain a challenge for central bankers in 2025
The leading challenges facing central bankers Read More »
Three years ago the ECB redefined the inflation target. Three crises later Olli Rehn takes stock of how well the revised strategy functioned in a high-inflation environment
Reviewing the ECB’s monetary policy strategy in the age of polycrisis Read More »
Jerome Powell addresses the current economic situation and the path ahead for monetary policy, discussing economic events since the pandemic and exploring why inflation rose to levels not seen in a generation
Pandemic-related economic distortions are fading Read More »
Policymakers’ responses to global events have laid bare the challenges and trade-offs inherent in addressing monetary policy and financial stability shocks. Andrew Bailey discusses what lessons can be learnt
Reflecting on recent challenging times Read More »
