Inflation expectations formed in the mid-2000s weren’t very accurate—in large part because of the shocks from the recession and financial crisis.

The U.S. economy lost some of its momentum over the winter. But the weakness did not extend to the labor markets, where job gains continued to be strong.

The government increased payments to individuals without reducing spending elsewhere in the budget.

Numerous commentaries have questioned both the legality and appropriateness of Federal Reserve lending to banks during the recent financial crisis. This article addresses two questions motivated by such commentary: 1) Did the Federal Reserve violate either the letter or spirit of the law by...

A report on economic conditions in the Memphis zone