A discussion of Americans' skepticism about the government's ability to keep inflation in check, emphasizing the real economic costs of this attitude entails and the ways in which Congress, the Federal Reserve, and the White House can help.

A prediction by Cleveland Federal Reserve Bank President Jerry Jordan that in the coming years, bank regulatory agencies will make greater use of market forces to discipline individual banks' behavior and will pay more attention to the functioning of the financial system as a whole.

An argument that the central bank should adopt a policy of price stability based on an explicit objective for the Consumer Price Index, which the Cleveland Fed President believes would provide a nominal anchor for the dollar as well as a clear standard by which to measure the success of monetary...

The present information technology revolution offers a great opportunity to take a leap forward in our collective prosperity. All of us stand to benefit. But some will take to the revolution more easily than others, a lesson that policymakers have learned from previous experience. This Economic...

What implications do 21st century monetary innovations bring for holdings of central bank money and standards of value? Emerging technologies such as cybercash, e-cash, and smart cards can be expected to reduce demand for central bank money, but the theoretical framework for monetary policy has...

How can Mexico best achieve a stable standard of value and, hence, sound money? Mr. Jordan, president and chief executive officer of the Federal Reserve Bank of Cleveland, explored this question in his address to the DUXX Graduate School of Business Leadership at its Forum on Public Policy in...

An explanation of how Mexico could further enhance its recent economic progress by implementing the provisions of NAFTA--unilaterally, if necessary--and by following through on its initiative to make its central bank autonomous.

In a speech at the Cato Institute, Jerry L. Jordan, President and CEO of the Federal Reserve Bank of Cleveland, discussed the forces shaping the emerging global monetary order and offered guidelines for the design of any international organization promoting efficient international financial...

An examination of the role of sound money in promoting national prosperity, emphasizing the hazards that emanate from fiscal policies and the challenges that will accompany the European Monetary Union.

Financial crises typically arise from mismanagement by governments which seek, usually with the most sincere and honorable intentions, to reduce or eliminate some constituent's risk exposure. But risk cannot be eliminated, only redistributed. Mr. Jordan, president and chief executive officer of...