The Federal Reserve’s “Statement on Longer-Run Goals and Monetary Policy Strategy”—commonly referred to as its monetary policy framework—is composed of... more

The clean energy transition has quietly pushed ahead in recent decades, with solar and wind energy accounting for almost 15%... more

Fiscal deficit projections are used by policymakers to understand the trajectory of U.S. debt. Between 1984 and 2003, Congress was... more

When Congress considers legislation, nonpartisan agencies provide estimates of the law’s potential economic effects to policymakers, a process known as... more

Since 2022, Western nations have put a number of sanctions on Russia in response to its war in Ukraine. Policymakers... more

The full-employment rate of unemployment may seem like a contradiction, but in fact, economists have long understood that some unemployment... more

As COVID-19 swept across the globe, many nations struggled to define a cohesive public health strategy to prevent the spread... more

The failure of three mid-sized banks in March 2023—three of the four largest bank failures in history—shook financial markets and... more

Most advanced economies enjoyed a long period of low, stable inflation prior to 2021, with inflation in the U.S. actually... more

Many indicators suggest that the U.S. economy is thriving, yet Americans continue to have a negative overall economic outlook. Stubbornly... more