The Fed and Monetary Policy

Monetary disturbances have been either a major cause of or a key accentuating factor in business fluctuations. Maintaining a money of stable value through institutional reform would be socially beneficial. It is time to recognize the limits of activist monetary policy and to focus on long-run price stability as the Fed’s primary objective.

Commentary

The Fed’s Dangerous ‘New Normal’

By George Selgin. Politico. May 29, 2019.

Trump’s Stephen Moore Might Bring a New Perspective to Fed

By Steve H. Hanke. Forbes.com. March 29, 2019.

The Fed Follows Trump’s Tweets, and Does the Right Thing

By Steve H. Hanke. Forbes.com. March 22, 2019.

More Commentary

Cato Studies

The Imbalances of the Bretton Woods System, 1965–1973: U.S. Inflation, the Elephant in the Room

By Michael D. Bordo. Research Briefs in Economic Policy No. 164. May 22, 2019.

Should Governments Restrict Cash?

By Jeffrey Rogers Hummel. Policy Analysis No. 855. November 14, 2018.

The Impact of the Dodd-Frank Act on Small Business

By Michael D. Bordo and John V. Duca. Research Briefs in Economic Policy No. 129. September 5, 2018.

More Cato Studies

Articles

On Measuring the Money Supply

Steve H. Hanke. World Economics. Vol. 20. No. 1. March 2019.

The Mortgage Interest Deduction Must Go

Ike Brannon. Bloomberg BNA: Daily Tax Report. November 1, 2017.

Fed Policy Is Too Light

Steve H. Hanke. The International Economy. Spring 2015.

Public Filings

Re: Potential Federal Reserve Actions to Support Interbank Settlement of Faster Payments: Docket No. OP–1625

By George Selgin. Public Comments. December 14, 2018.

A Further Examination of Federal Reserve Reform Proposals

By George Selgin. Testimony. January 10, 2018.

A Legislative Proposal to Create Hope and Opportunity for Investors, Consumers, and Entrepreneurs

By John A. Allison. Testimony. April 26, 2017.

More Public Filings

Cato Reviews & Journals

The Story of Silver

Gary Richardson. Regulation. Summer 2019.

Landmark Breakthrough on the Great Depression

Policy Report. May/June 2019.

Should the Fed Be Constrained?

Jeffrey Frankel. Cato Journal. Spring/Summer 2019.

More Reviews & Journals

Events

36th Annual Monetary Conference: Monetary Policy 10 Years after the Crisis

Featuring Peter Goettler, George Selgin, James A. Dorn, Lydia Mashburn, Rep. Jeb Hensarling, Phil Gramm, Claudio Borio, Josh Zumbrun, Stephen D. Williamson, Peter Ireland, Tobias Adrian, Vincent R. Reinhart, Ylan Mui, Michael D. Bordo, Joseph E. Gagnon, David Beckworth, John A. Allison, Jeffrey M. Lacker, Scott Sumner, & Jeffrey Frankel. November 15, 2018. Conference.

Fintech Unbound: The Cato Summit on Financial Regulation

Featuring Hester Peirce, Balaji Srinivasan, John Collins, Andrea O'Sullivan, Barry Wides, Ryan Zagone, Diego Zuluaga, Lydia Mashburn, Matthew Feeney, Louis Caditz-Peck, Jay Reinemann, Paul Watkins, Spencer Bogart, J.W. Verret, Hardeep Walia, Haimera Workie, & Gerald Tsai. September 12, 2018. Conference.

Should Cryptocurrencies Be Regulated like Securities?

Featuring Diego Zuluaga and Matt Weibel. July 24, 2018. Capitol Hill Briefing.