President Trump’s recent attacks on the U.S. Federal Reserve underscore the important role central banks play in any economy.
central bank
November 23, 2018
1:44PM
In the 1970s the Bank of Canada switched to monetarist money-supply targeting.
November 9, 2018
10:28AM
The higher-than-expected inflation of the late-1980s was one reason the bank switched to inflation targeting.
March 14, 2018
10:22AM
The ratio of household net worth-to-GDP has risen over time.
December 12, 2017
3:11PM
Only surprises have real effects, Friedman argued, but their effects last only until people realize what’s going on.
July 28, 2017
4:00AM
In countries whose currencies have risen against the U.S. dollar, there’s “flow-through deflation” as imports get cheaper.