Politicians will not sit quietly, however, if the Fed attempts to raise rates.

Fighting the Fed

Under these conditions, the Fed will want to raise the interest rate to prevent an acceleration of inflation.

The Fed Under Fire

The Fed s Communication Breakdown

The Fed s Dollar Distraction

The Chinese Economy and Fed Policy

The Fed in Denial

Audit the Fed?

Blaming the Fed

The Fed vs. the Financiers

Moreover, those who warn that the Fed might fail to raise interest rates if inflation picks up don t understand that the Fed s culture of inflation targeting is deeply ingrained.

Will Fed Tightening Choke Emerging Markets?

The Fed was hardly alone.

Why the Fed Buried Monetarism

The Trapdoors at the Fed s Exit

The Fed pays the banks 0.25 to keep them idle.

But now commercial banks are willing to hold their excess reserves at the Fed, because the Fed now pays interest on those deposits.

Emerging Markets After the Fed Hikes Rates

How the Fed Just Reduced Inequality

Once again, the US Federal Reserve is in the eye of the storm.

Today, the Fed is again playing the expectations game.

The US Federal Reserve is finally shifting its thinking.

That is why the Fed has been taking steps to become more transparent it releases the minutes of Federal Open Market Committee meetings and publishes transcripts with appropriate delay, while FOMC members give speeches detailing their views. Moreover, in a recent innovation, the Fed now publishes the inflation and interest rate forecasts of FOMC members and Reserve Bank presidents.

Where the Bank of Japan has now led, the Fed should follow.

The link between Fed bond purchases and the subsequent growth of the money stock changed after 2008, because the Fed began to pay interest on excess reserves.

With dollar financing by the Federal Reserve available to large institutions, the Fed became the equivalent of a world central bank.

The US Constitution, after all, does not guarantee the Fed s independence.

Even worse, the Fed is playing with fire.

That, in a nutshell, is what the Fed and the ECB are saying.

That, of course, is what the Fed had been hoping for.

The Federal Reserve will not willingly resort to inflation.

Second, the Fed s actions do not seem to be effective.

The Fed declined to regulate these dubious practices.

The Fed should relearn that lesson.

The Fed has printed new bank reserves with reckless abandon.

Right before the Fed acted, the Reserve Bank of India raised its benchmark short term interest rate by 25 basis points, to 6.25 , to fight inflation, and China s central bank now indicates that it might raise interest rates further.

Why the Fed Should Postpone Rate Hikes

The founding governors of the Federal Reserve System interpreted their mandate narrowly, viewing the Fed as responsible for maintaining gold convertibility and a stable dollar.

True, the US Federal Reserve has tried to prevent a recession by cutting its interest rates. But the Fed cannot endow the banks with new equity capital and prevent a credit crunch.

The US Federal Reserve faces a dilemma, for it needs to continue raising interest rates in the face of a hurricane devastated economy.

In normal times, the Fed s response extremely monetary stimulus would be highly inflationary.

Hoenig and Richard Fisher, the president of the Federal Reserve Bank of Dallas, have been leading the charge on this issue within the Federal Reserve System.

The Fed chairman s comments come at a critical and sensitive moment.

Then there is the question of the Fed s assisted growth model.