Empirical monetary policy shocks (EMPS) contain information about monetary policy both today and in the future. We define the term structure of monetary policy news as the marginal impact of an EMPS ...

WASHINGTON, DC - NOVEMBER 02: (L to R) U.S. President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose ...

The Federal Reserve’s most important monetary policy tool is the Fed Funds Interest Rate target. By raising or lowering this benchmark, the Fed hopes to influence the cost of credit throughout the ...

For the first time since December 2024, interest rates have been cut, giving borrowers reason for cautious optimism. Savers, however, may want to strongly consider pivoting their approach. The high ...

Investors are understandably skittish in front of Wednesday's Fed meeting. While a rate cut is now a foregone conclusion, the concern is what Chairman Powell may say during his press conference, as ...

Joint NY-SF Fed paper cites still ongoing risk of near zero interest rates Fed paper says uncertainty keeps risk of very low rates alive Fed has more space to cut rates now without hitting zero fed ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Interest rates have been a persistent challenge for ...