Policymakers’ response to COVID-19 can draw on Great Recession lessons
Central banks’ experience before and during the 2007–09 Great Recession suggests that they have ample tools to support the economy.
July 07, 2020
Global Perspectives: Donald Kohn on Greenspan and Bernanke, the global financial crisis and the COVID-19 challenge
Kohn and Dallas Fed President Rob Kaplan discussed Kohn’s career at the Fed, his experience during the Global Financial Crisis and his thoughts on the Fed’s reaction to the current crisis.
June 02, 2020
Private forecasters’ COVID-19 global growth outlook takes shape
Private forecasters have anticipated since April 2 that the economy would contract for two consecutive quarters, marking a global recession unlike any seen in peacetime.
May 05, 2020
Global Perspectives: Tom Hoenig on the costs of COVID-19, modern monetary theory and Fed leadership
Hoenig and Dallas Fed President Rob Kaplan discussed Hoenig’s views on the costs of the current crisis, potential solutions and the elements of effective leadership at the Fed.
April 28, 2020
Monetary policy in time of pandemic
Some monetary policy strategies have greater potential than others to mitigate pandemic-related financial strains.
April 16, 2020
Global Perspectives: William Dudley on the financial crisis, the New York Fed and misconceptions about the Fed
Dudley and Dallas Fed President Robert S. Kaplan discussed Dudley’s role during the financial crisis, his leadership of the New York Fed and popular misconceptions about the Fed.
March 10, 2020
An assessment of economic conditions and the stance of monetary policy
In his latest essay, posted on Dallas Fed Economics, President Rob Kaplan provides his assessment of current economic conditions, the outlook for the energy industry, and the current stance of monetary policy.
February 18, 2020
In uncertain times, Fed sometimes turns to ‘insurance’
In June 2019, a concept appeared in the Federal Open Market Committee (FOMC) minutes that had not shown up in FOMC minutes for 11 years—the idea of monetary policy “insurance.”
August 13, 2019
A brief discussion regarding the impact of climate change on economic conditions in the Eleventh District
One factor being increasingly discussed at the Dallas Fed is the impact of climate change on the Eleventh District, says Dallas Fed President Rob Kaplan. In particular, severe weather events can have a substantial human and economic cost to the district.
June 27, 2019
Consumers’ and economists’ differing inflation views can complicate policymaking
Economists and consumers likely think of different concepts when they consider inflation. Economists typically focus on the underlying trend that monetary policy can steer. U.S. consumers appear to think instead about unpredictable changes in prices most relevant to their regular decision-making.
June 25, 2019