Includes bibliographical references (p. 17).

Using data from the period 1970-1991, Romer and Romer (2000) showed that Federal Reserve forecasts of inflation and output were superior to those provided by commercial forecasters. In this paper, we show that this superior forecasting performance deteriorated after 1991. Over the decade...

Using data from the period 1970-1991, Romer and Romer (2000) showed that Federal Reserve forecasts of inflation and output were superior to those provided by commercial forecasters. In this paper, we show that this superior forecasting performance deteriorated after 1991. Over the decade...

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia Society of Business Economists Annual Conference, London, England, June 9, 2011

Remarks at the Barclays 16th Annual Global Inflation-Linked Conference, New York City.

Remarks by President Dudley at the Quarterly Regional Economic Press Briefing, New York City.

The global recession of 2008-09 led to monetary and fiscal policy responses by central banks and government authorities that were often unconventional in size and scope. A study of expansionary measures employed during the recession suggests that overall, the policies were likely effective in...

Remarks by President Dudley at the Quarterly Regional Economic Press Briefing, New York City.

Remarks at the Barclays 16th Annual Global Inflation-Linked Conference, New York City.