William J. Luther

Economics

Inflation Still Over Target in August

Prices rose faster last month, according to new data from the Bureau of Economic Analysis. The Personal Consumption Expenditures Price…

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Economics

The Fed’s Mission Creep Under Jerome Powell

In a recent Wall Street Journal op-ed, former Federal Reserve Bank of Philadelphia President Patrick Harker recounts an interaction with…

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Economics

“You’re Fired” — The President, Lisa Cook, and the Fragility of Fed Autonomy

The Federal Reserve’s Board of Governors got a taste of The Apprentice treatment last week.  On August 25, President Trump…

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Economics

Inflation Declined in July

New data from the Bureau of Economic Analysis show that inflation ticked down in July. The Personal Consumption Expenditures Price…

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Economics

Why is the Fed Revising its Framework?

Federal Reserve Chair Jerome Powell is expected to release the details of the Fed’s framework review at this week’s annual…

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Economics

Inflation Picked Up in June, as Tariffs Pass Through

President Trump’s tariffs appear to be pushing prices higher. Inflation picked up in June, according to new data from the…

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Economics

How Should Fed Officials Think About the Dual Mandate?

Federal Reserve officials are concerned they may soon find themselves in a tight spot. They have been tasked with delivering…

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Economics

Despite Tariffs, Inflation Remained Low in May

New data from the Bureau of Economic Analysis confirm that inflation remained low in May. The Personal Consumption Expenditures Price…

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Economics

Inflation Remained Low in April, But How Long Can Monetary Policy Remain Tight?

Will the Federal Reserve undershoot its inflation target this year? The Personal Consumption Expenditures Price Index (PCEPI) grew at an…

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Economics

When Will The Fed Cut Interest Rates?

The latest data from the Bureau of Labor Statistics confirm that the Federal Reserve has made a lot of progress…

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