Board of Governors of the Federal Reserve System

and/or flows into individual countries, such as Cingano and Hassan (2022...and/or a shift in the distribution indicate possible misallocation (see

prices for renters seeking new leases grew by 18 percent in 2021 compared...best address these issues. In our second panel, we will learn about promising

and, moreover, best-practice policy rules incorporate inputs—such as the...tradeoff—for example, in the United States, between inflation and employment

Prices* The bottom panel is a bar-and-line chart showing the implied distribution...the inflation rate that equalizes the price of the January 2012 TIIS and

and, the most important providers of market discipline are the large, ...prices created considerable financial and economic stress--the losses

the goal was achieved! Core inflation measures (that is, measures of inflation...and the subsequent statement after the June meeting, which contained similar

best in our profession. Herb was willing to consider new ideas and new...and, in some cases, even below zero.6 Meeting the Challenge of Scaling

best in policy-oriented research with the intellectual rigor and curiosity...key variables to be forecast is inflation. A variety of approaches to

and potentially taxpayers--may absorb most of the losses if the gamble...and, in the process, substituted fee income for some of the interest income

compared with the year-earlier period, owing in important part to sharp...and, as projected, the growth of aggregate demand moderated somewhat in