Congress should not have created the CFPB. Multiple federal agencies already existed to enforce consumer protection laws. The ...

The decision of the Reserve Bank not to now decrease interest rates is to be applauded (“RBA split decision a punch for ...

Further efforts are needed to absorb the remaining excess liquidity and improve monetary policy transmission ... It would also enhance the effectiveness of core state functions that are critical to ...

Ten CFR experts break down what the president's trade agenda has accomplished since he placed a ninety-day pause on his ...

LightBox, a leading provider of commercial real estate (CRE) data and technology, reported its highest reading of 2025 and ...

Monetarists have long believed that the Fed should pursue policies of low inflation in order to counter the effects of lower ...

This paper is about the effectiveness of qualitative easing, a form of unconventional monetary policy that changes the risk composition of the central bank balance sheet with the goal of stabilizing ...

We document large, longer-term, joint regime shifts in asset valuations and the real federal funds rate-r* spread. To interpret these findings, we estimate a novel macro-finance model of monetary ...

The dual circulation jointly built by Shanghai and Hong Kong as the country's two currency hubs is especially important in ...

The monetary policy must be targeted and proactive to help improve economic structure, and be front-loaded and forward-looking to stay ahead of the market curve. The second is flexibility. The pace, ...

Prohibiting the Fed from paying interest on reserves wouldn’t protect taxpayers and would undermine the central bank’s ...

A new law would let both public agencies and private businesses choose to accept precious metals in exchange for goods, ...