The massive and multifaceted policy responses to the financial crisis and Great Recession — ranging from traditional fiscal stimulus to tools that policymakers invented on the fly — dramatically reduced the severity and length of the meltdown that began in 2008. Read more
The most important decision that will influence the economic recovery over the next few years is the trajectory of short-term interest rates. Read more
While the economy still has many uniquely positive attributes, something is fundamentally wrong: we can no longer count on economic growth to deliver broadly shared ... Read more
Summary A fundamental cornerstone of modern macroeconomics is that the economy has a balanced-growth path that is characterized by stable inflation as well as steady ... Read more
The Full Employment Project hosted an event featuring a keynote speech by former Federal Reserve Board Chairman Ben Bernanke and a discussion of leading economists about policies that can help restore and maintain full employment. Read more
Ronald Lewis is a 36-year-old African American father of three, who is taking classes during the day and working nights to support his family. ... Read more
By the end of 2014, the U.S. economy had experienced 58 consecutive months of job growth, and the unemployment rate had fallen to 5.6 percent ... Read more
While there are many uniquely positive attributes about the U.S. economy, something is fundamentally wrong: economic growth can no longer be counted on to deliver ... Read more
The recovery from the recession of 2008-09 has been slow, but Federal Reserve policymakers believe it is nearing completion. According to the December Survey of ... Read more
