Federal Reserve
Warsh targets 3.7 percent inflation and curbs forward guidance
Federal Reserve Chairman Kevin Warsh signaled a sharp focus on reducing 3.7 percent inflation while scaling back the central bank's use of forward guidance.
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Primary credit rate kept at 3.75 percent despite four hike requests
The Federal Reserve Board maintained the primary credit rate at 3.75 percent and the interest on reserve balances at 3.65 percent in July 2026.
VIX and term spread drive shifts in conditional pricing kernel
Federal Reserve Board research introduces a semi-nonparametric framework to estimate forward-looking conditional pricing kernels using index options.
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Limited foresight turns optimal public debt and taxes stationary
A Federal Reserve research paper demonstrates that bounded rationality invalidates Barro's random walk hypothesis for public debt and taxes.
Macro indicators drive 19 percent of structural labor slack gauge
Federal Reserve economists developed a Structural Labor Market Indicator synthesizing nine labor margins within a New Keynesian model.
Occupational complexity explains four decades of U.S. wage inequality
A Federal Reserve Board paper reveals that occupational problem complexity drives U.S. wage inequality growth since 1980.
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Global repo volume reaches 16 trillion dollars as fragility grows
A Federal Reserve study reveals that the 16 trillion dollar global government bond repo market faces structural vulnerabilities.
Pre-planned projects drive two thirds of Opportunity Zone growth
A Federal Reserve study reveals that state governors prioritized census tracts with pre-existing construction planning for Opportunity Zone designation.
Endogenous firm planning horizons amplify inflation volatility
Federal Reserve researchers demonstrate that firms dynamically adjust how far ahead to plan when setting prices.
Cook ready to raise rates as inflation holds at 3.7 percent
Federal Reserve Governor Lisa Cook stated she is prepared to support interest rate increases if inflation does not resume its downward path toward the two percent target.
Coastal Bend Bancshares cleared to acquire First National Bank
The Federal Reserve Board has approved the application by Coastal Bend Bancshares, Inc. to acquire First National Bank in Port Lavaca, Texas.
Scarring effects steepen Phillips curve and alter economic gaps
A Federal Reserve working paper finds that cyclical shocks cause persistent scarring to potential output and the natural rate of unemployment.