Speeches and essays
Discussion of ‘Quantitative Tightening Around the Globe: What Have We Learned?’ by Wenxin Du, Kristin Forbes and Matthew Luzzetti
President Logan discussed a new report on quantitative tightening around the world and implications for the Federal Reserve’s monetary policy decisions.
March 01, 2024
Dallas Fed Economics
Inflation forecasts based on money growth proved accurate in 2021, though generally unreliable
As money demand changes, and in particular as money velocity fluctuates with interest rates, this relationship can become unstable with money growth providing limited useful information for inflation forecasting.
February 20, 2024
Dallas Fed Communities
Economic Inclusion Fireside Chat: Michael Weber and Jeff Fuhrer on an inclusive economy
Michael Weber, an associate professor at the University of Chicago Booth School of Business, and Jeff Fuhrer, a fellow at the Brookings Institution and the Eastern Bank Foundation, provided insight into the importance of thinking about diverse communities in policymaking at the inaugural Economic Inclusion Seminar Series Fireside Chat.
February 12, 2024
Dallas Fed Economics
U.S. 30-year mortgage predominance doesn’t seem to delay impact of Fed rate hikes
After comparing economic data of the U.S. and other major advanced economies, we find tentative evidence that the slow adjustment of the outstanding mortgage rate in the U.S. has not played an important role in delaying the intended effects of the monetary tightening.
January 16, 2024
Dallas Fed Economics
Arbitrage limits heighten dollar shortages abroad during volatile times
U.S. dollars are hard to find in foreign markets during times of heightened risk, as evidenced by two interesting and related features in the post-2007 international financial landscape.
January 09, 2024
Speeches and essays
Opening remarks at panel on Market Monitoring and the Implementation of Monetary Policy
At the American Economic Association annual meeting, President Logan spoke about market monitoring and the implementation of monetary policy.
January 06, 2024
Dallas Fed Economics
Strength in consumer spending does not necessarily imply low probability of recession
Consumption was not a main driver of GDP declines in previous recessions, and a recession is not necessarily preceded by declines in consumer spending.
January 02, 2024
Southwest Economy
Fed credibility enhanced when public finds policymakers relatable
University of Chicago Booth School associate professor Michael Weber explains how audiences are especially receptive to monetary policy messaging delivered by Fed officials whose ethnic or gender background is similar to theirs and outlines the broader implications of such enhanced credibility.
December 06, 2023
Speeches and essays
Ample reserves and the Friedman rule
How should central banks supply liquidity in an evolving global financial system? Dallas Fed President Lorie Logan shared her framework for weighing the tradeoffs in a keynote address at the European Central Bank.
November 10, 2023
Dallas Fed Economics
Texas among states feeling most stressed by inflation
As consumer prices have climbed at a faster rate in Texas and surrounding states than nationally—food and shelter increasing even more—Texans are feeling especially stressed about rising prices.
November 07, 2023