Board of Governors of the Federal Reserve System

for example, capturing the value of the seemingly free apps we use on ...key question for economic forecasters, and even more so for U.S. citizens

prices have risen to new highs and, in the process, have elevated price-earnings...compared with a lackluster 1-1/4 percent on average earlier this decade

and/or chief executive officer of each subsidiary. It is the responsibility

for example, CDOs). One explanation for this is that information about...compare the effectiveness of different policies that aim to unclog these

compared with April and slightly lower than one year ago. In the St. Louis...best sales growth in more than twenty-five years. However, inventories

pricing. On average, consumers with higher credit scores tend to have ...best of our knowledge, statistical analysis on the relationship between

and, even now, measures of underlying inflation are somewhat below the...best be explained by the fundamentals of global supply and demand rather

best approach to making such adjustments will depend on the model that...key property of many macro models is that, while there is no trade-off

and in terms of time expended, this swamped all the others--we struggled...the soft landing I mentioned. Low, stable inflation and steady growth

best, the prevailing notion in the early 1990s of an elevated and reasonably...one-for-one.3 * * * Perhaps the greatest irony of the past decade is that