Federal Reserve Bank

Justin Wolfers, CNN: "I think the simple view is you can't do two things at the same time. And to try to reduce financial stress would be a force for lower interest rates while trying to reduce inflation would lead to higher interest rates. On the...

News this week that GDP had contracted for the second quarter in a row, combined with the Fed’s interest rate hike and persistent inflationary pressure, are creating fear that the U.S. economy is headed towards recession. Yet the picture is...

As the U.S. confronts historic inflation, the Federal Open Market Committee (FOMC) announced an interest rate hike of 75 basis points on July 27, for a second straight meeting, which is the most aggressive tightening since the 1980s, when Fed Chair...

The latest inflation rate numbers show an increase in prices of 9.1%. Ford School economics professor Justin Wolfers has been discussing the intricacies of elements and implications of that rate.   Reacting to the inflationary pressure, the...

Ford school professor Betsey Stevenson has been commenting on the latest inflation figures, which in the U.S. saw an annual rate of 9.1% in June. She told ABC Australia, "Heating your house, filling your tank — that's where Americans are really...

ANN ARBOR—The U.S. Senate has confirmed Michael S. Barr, dean of the University of Michigan's Gerald R. Ford School of Public Policy, as vice chair for supervision and governor of the Federal Reserve Board. Barr was nominated for the role by...

Fears of inflation and recession, the Fed interest rate hike, and the underlying causes, have been at the top of the news for several weeks. Ford School economics professors Betsey Stevenson and Justin Wolfers have been highly sought-after for their...

Ford School economist John Leahy says the Federal Reserve showed “increasing urgency in both word and deed” this week, when it raised its benchmark interest rate by three-quarters of a point—the highest such hike since 1994. Still, the professor...

The U.S. inflation rate continues to be at the highest levels in years, and the Fed has indicated it will raise interest rates to dampen those numbers. But taking action against inflation could hurt employment numbers, just when people are returning...

Ford School Dean Michael S. Barr testified before the Senate Banking, Housing & Urban Affairs Committee at his nomination hearing for the position of Vice Chairman For Supervision on the Board of Governors of the Federal Reserve. President Biden...

Following President Joe Biden’s announcement of his intent to nominate Dean Michael S. Barr to be vice chair for supervision of the Federal Reserve, articles about the nomination appeared in hundreds of media outlets around the world. Here is a...

Ford School dean Michael Barr is President Joe Biden’s intended nominee for vice chair for supervision of the Federal Reserve, the White House announced Friday. Barr is the Joan and Sanford Weill Dean of the Ford School, the Frank Murphy...

The labor market is still booming, according to the latest jobs report. Justin Wolfers and Betsey Stevenson, both professors of public policy and economics, broke down what the jobs report means for Americans. "I do think it more likely that the...

Americans are becoming increasingly worried about inflation. Justin Wolfers, professor of public policy and economics, discussed the Federal Reserve's current approach to intervening in the economy to address the issue. "The mechanism by which...

With Americans panicking about rising prices, Betsey Stevenson, professor of public policy and economics, proposed how to slow inflation down.  "So we've got two ways to fix the problem: We can bring down demand ... or we can try to increase...

Provost Susan M. Collins, former Ford School dean, has been named president and CEO of the Federal Reserve Bank of Boston. She also will participate in national monetary policymaking on the Federal Open Market Committee when she begins her new role...

Following the Federal Reserve's announcement, Betsey Stevenson, professor of public policy and economics, appeared on Bloomberg's "Sound On" podcast to discuss monetary policy changes. "The Fed did exactly what everyone expected them to do today,...

 Economist Betsey Stevenson is keeping a close eye on the country's economic recovery, and provides insights in a number of news outlets this week. "Recovery in the labor force requires getting people into jobs and then keeping them there,"...

Throughout nearly three decades at the Federal Reserve Bank of New York, Susan McLaughlin (MPP/MBA '93) has worked a wide range of roles, most of them closely involved in the Fed's interactions in financial markets. In addition, she has had her...

Michael Barr, Dean of the Ford School, has been observing the financial response to the COVID-19 pandemic closely, as the Fed, the Treasury Department and Congress (especially through the CARES Act) have worked to prop up the economy. To help...

The Gerald R. Ford School has long served at the forefront of a nexus of policy debates in the effort to raise the next generation of policymakers. Synonymous with the Ford School’s distinguished history is the late Edward “Ned” Gramlich—longtime...

In August, John Z. Ayanian published a policy–focused article with colleagues in the New England Journal of Medicine titled “ Mitigating the risks of Medicaid work requirements.” Michael S. Barr teamed up with Howell E. Jackson and Margaret E....

Dear Alumni and Friends, I’ve recently returned from Jackson Hole, Wyo., where I participated once again in the Federal Reserve Bank’s annual Economic Policy Symposium. This year’s focus was long-term global economic growth. With volatile...

Edie Goldenberg Alan Deardorff has agreed to continue in his role of Associate Dean of the Ford School, but a number of other key leadership roles opened this fall as faculty concluded their terms in...