Federal Reserve News
The Daily Signal provides Federal Reserve news with reporting, analysis, and commentary on inflation, markets, and the impact of central banking.
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opinion
No, the Federal Reserve Cannot Set Interest Rates
As the Federal Reserve summer symposium in Jackson Hole, Wyo. begins, I thought I’d set the record straight. The Federal Reserve cannot just set interest rates. I’m not exactly sure how it happened, but there seems to be widespread acceptance of this idea (that the Federal Reserve can simply make interest rates whatever they want them… -
opinion
The Federal Reserve Hasn’t Reduced Frequency of Recessions. Why Is It Necessary Again?
In two months the Federal Reserve Bank of Kansas City will hold its annual symposium in Jackson Hole, Wyoming. It is here that, for more than 30 years, “participants from across the globe gather … to discuss important policy issues of mutual interest.” Previous topics have included labor market dynamics and unconventional monetary policy, but this year’s theme is… -
opinion
Federal Reserve Reforms Should Not Be a Partisan Issue
The Washington Post’s Robert Samuelson is the latest commentator to paint conservative critics of the Federal Reserve as dangerous and misinformed. Samuelson discounts auditing the Fed and imposing a monetary policy rule as merely ideological, but the truth is that he’s overly dismissive. These common sense reforms do have their share of scholarly support and… -
news
House Republicans Attempt to Lift ‘Veil of Secrecy’ From Federal Reserve
Rep. Bill Huizenga, R-Mich., wants to lift the “veil of secrecy” he said obscures the dealings of the Federal Reserve. Would enhanced congressional oversight of the central bank’s decision-making help the economy? Or would it lead to counterproductive meddling? That was the question members mulled Thursday in a hearing Thursday before the House Financial Services…