One major outcome of the Federal Reserve’s 2019–20 framework review was the adoption of a Flexible Average Inflation Targeting (FAIT) strategy in August 2020. Using synthetic control methods, we document that U.S. inflation rose post-FAIT considerably more than predicted had the strategy not...

One major outcome of the Federal Reserve's 2019-20 framework review was the adoption of a Flexible Average Inflation Targeting (FAIT) strategy in August 2020. Using synthetic control methods, we document that U.S. inflation rose post-FAIT considerably more than predicted had the strategy not...

Remarks before the Atlantik-Brücke Annual Meeting, Berlin, Germany, June 9, 2004 ; On October 12, 2005, at a meeting organized by the Dallas Committee on Foreign Relations and the American Council on Germany, German Ambassador Wolfgang Ischinger referred to a speech that Dallas Fed President...

Remarks before the Longview Rotary Club, Longview, Texas, December 19, 2006