Monetary policy

Carola Binder, an economist at the University of Texas at Austin, explains why tariffs might cause prices to rise, but they doesn't necessarily mean the Fed will get involved right off the bat.

A lot has happened in monetary policy since the last time the Federal Reserve updated its long-term strategy goals.

It was the lead-up to the 1972 presidential election. An era of "stagflation" was ahead. And President Richard Nixon had a plan.

Despite high prices, “wages are growing faster than inflation," and families’ purchasing power is growing, he says.

Scanlon explains her philosophy of economic education in this excerpt from her book, "In This Economy? How Money & Markets Really Work."

Rising costs have long been a concern for Americans. What's changed is how the government intervenes in prices, economist Carola Binder writes.

"It's clear there have been some shifts in the economy that just make their policies less effective," says Neil Irwin of Axios.

Trevon Logan, professor of economics at The Ohio State University, says we're looking at a "new normal" for the federal funds rate.

Former Federal Reserve chairman Ben Bernanke's new book charts a history of “remarkable innovation and change.”

The Fed’s tools can only go so far. “All of this activity relies on the other institution at the end of the transaction,” said economics professor Nina Eichacker.