Three Challenges to Central Bank Orthodoxy

Since 2007-09, the Federal Reserve has pursued a very aggressive monetary policy strategy. This strategy has been associated with healthy labor market conditions, moderate economic growth, and inflation—netting out the effects of a major oil price shock—that is close to the Federal Open Market Committee’s (FOMC’s) 2 percent target.

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Additional Fed Publications

Fed in Print: An index of the economic research conducted by the Fed.