My talks and writing about the Fed pull back the curtain and explain its frameworks, using my expertise working at the Fed for over a decade and my Ph.D. training in macroeconomics. I cover many topics, including conventional monetary policy, forward guidance, emergency lending facilities, and research.
I am a respected expert on the Fed and give frequent talks, research notes for investors and business leaders, and interviews for news media on TV and in print.
Inflation, both total and core, as shown here with the PCE prices, rose sharply in 2021 and peaked in the summer of 2022. During 2023 inflation moved down substantially as disruptions due to Covid and the war in Ukraine subsided. The chart shows the values for year-over-year inflation from January 1960 to November 2023.