Our current inflation stemmed from a fiscal shock. The Fed is slow to react. Why? Will the Fed's slow reaction spur more inflation? I write a simple model that encompasses the Fed's mild projections and its slow reaction, and traditional views that inflation will surge without swift rate rises....

A selection of public addresses and congressional statements from Arthur Burn's during his time as the Chairman of the Federal Reserve System.

Remarks at the Council of Society Business Economists Annual Dinner, London, United Kingdom.

Remarks at Pace University, New York City.

Remarks at E-3 Summit of the Americas: Export Trade Basics Forum 101, San Juan, Puerto Rico.

Remarks at the Staten Island Chamber of Commerce, Staten Island, New York.

Remarks at the Center for the New Economy 2010 Economic Conference, San Juan, Puerto Rico.

Remarks at the Institute of International Bankers Annual Washington Conference, Washington, D.C., March 7, 2011 ; "I argued against the $600 billion extension [buying U.S. Treasuries] the voters on the FOMC approved last November. And I remain doubtful enough as to its efficacy that if at any...