Evidence is revealing the power, limits, and confounding effects of monetary policy.
Using the shadow rate reveals that unconventional monetary policy did have some positive effect on the economy.
Uncertainty is confounding by its very definition. In the economy, uncertainty can arise from a number of different corners, including wars, natural disasters, and, of course, government decisions—or indecision.
When food or oil prices rise, some critics blame commodity index funds.
The US Federal Reserve’s attempts to boost economic growth through market intervention in recent years have prompted heated debate among economists and lawmakers.