Under Chair Yellen’s guidance, the Federal Reserve ended its aggressive asset purchasing program, quantitative easing (QE), this year. The Fed’s next move will be to raise the federal funds rate from its current near zero level, but when that will happen will depend on many factors including the strength of the US and global economies. Markets are watching these moves carefully, as are many AEI scholars.
John H. Makin, Stephen D. Oliner, and Desmond Lachman are among the AEI scholars who follow the Fed’s actions closely. Here is a collection of their work and other selected pieces on the Federal Reserve.