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Fed’s Daly, Kashkari support rate cut talks in September meeting

San Francisco Fed President Mary Daly and Minneapolis Fed President Neel Kashkari are both open to discussions about cutting Fed Fund Rate target at the up coming Federal Reserve meeting

Fed’s Bowman still sees ‘upside risks’ to US inflation

Federal Reserve governor Michelle Bowman is worried about reacceleration in cost of living, saying that she 'still see some upside risks to inflation'

Global Economy

Interviews

A Macroeconomic Earthquake | Q&A with Larry Christiano

In this interview, Prof Christiano shared his view on the development of post-2008 academic macroeconomics. We’ve asked Prof Christiano does he agree that modern macroeconomic models are too complicated for the general public, or even policymakers and if he agrees that economic models should be “simpler”. Does he think the recent revival of ISLM model a “good trend”? Should Macroeconomists hang on their faith in DSGE models? Should they explore alternative paths?