FOMC's monetary policy influences interest rates and credit norms, which impacts economic productivity along with spending and investment decisions by households and businesses.

Monetary theory in economics has consisted of various schools of thought rather than a single unified model. Each of these schools emphasizes different forces that drive inflation and recommends a ...

Central banks use tools such as interest rates to adjust the supply of money to keep the economy humming Monetary policy has lived under many guises. But however it may appear, it generally boils down ...

Cleveland Federal Reserve President Beth Hammack said on Thursday monetary policy needs to remain in a position where it can ...