Reductions in purchasing power tend to be concentrated among lower-income workers.
March 10, 2023 3:30AM
October 20, 2022 10:19AM
Bernanke chose to pay interest on bank reserves, which caused banks to hold onto reserves rather than lend them out.
September 15, 2022 9:43AM
The central bank has acknowledged that it underestimated the inflationary effects of its actions.
April 28, 2022 1:00AM
November 26, 2021 9:44AM
Central banks may direct chartered banks to increase lending to borrowers from underrepresented communities.
August 17, 2021 10:10AM
Governments around the world—including Canada—have injected an enormous amount of liquidity into the financial system.
August 13, 2021 5:24PM
President Nixon ended the convertibility of the U.S. dollar into gold.
May 28, 2020 2:10PM
Since the 2008-2009 financial crisis, central banks in Canada and elsewhere have pursued quantitative easing.
January 28, 2019 11:25AM
President Trump’s recent attacks on the U.S. Federal Reserve underscore the important role central banks play in any economy.
November 23, 2018 1:44PM
In the 1970s the Bank of Canada switched to monetarist money-supply targeting.