At almost the onset of the effects of the pandemic, the Federal Reserve engaged in a massive asset expansion that was truly unprecedented. In just the first three months of the pandemic, March, April and May of 2020, the ...

Much of the press’s reporting of the Federal Reserve’s efforts to fight inflation is measured by how much the Federal Reserve will raise interest rates at its next FOMC meeting. But the press’s measure of interest ...

The country has experienced two economic crises in the first two decades of the 21st century, but there are significant differences between the 2008 crisis and the 2020 crisis caused by the pandemic. In this policy study, ...

Ever since the Federal Reserve began its series of Quantitative Easing, traditional monetary economists have been predicting levels of inflation that would rival the inflation of the late 1970’s and early 1980’s. The ...

The power to coin money and regulate the value thereof is constitutionally delegated to Congress, preventing true Federal Reserve independence. This issue of PERCspectives on Policy, by PERC Director Thomas Saving, discusses ...

Due to the Covid-19 pandemic, developed world governments engaged in unprecedented spending. Federal Reserve securities holdings were an astounding 36.5% of the nation’s Gross Domestic Product after two pandemic years. ...