via Hoover Daily Report
The Hoover Institution will publish a new volume, edited by senior fellows John H. Cochrane and John B. Taylor, that reviews the strategies, tools, and communication practices the Federal Reserve system deploys to shape monetary policies for its dual-mandate goals of maximum employment and price stability. Strategies for Monetary Policy is drawn from a May 3, 2019, conference at the Hoover Institution featuring economists, financial experts, and Federal Reserve policy makers.
Desmond Lachman | Washington Examiner
Since 1945, the United States has experienced 12 economic recessions. However, it has never experienced a recession quite as deep and as sudden as the coronavirus-induced slowdown it is currently facing. While much is still unknown, one fact remains certain: The road to recovery will be long.
James C. Capretta | RealClearPolicy
President Trump and the rest of the federal government are right to focus their attention on the immediate economic and public health emergency COVID-19 presents. However, when the crisis recedes, the entire federal budget needs recalibration to head off an intractable cycle of rising interest payments crowding out necessary public investments.