Is Monetary Policy Ineffective?


Subscribe to Prometheus

Get key US macroeconomic and market research directly in your inbox.

Policy rates have risen in historic fashion, but activity remains resilient. Monetary policy lags are well known, but the drivers of lags are less discussed. We offer our thoughts on the mechanics of policy transmission.

Over almost every economic cycle, the Fed responds to high inflation by raising interest rates.

Join Prometheus Research

Get access to our best-in-class analysis of economic and market dynamics.

Log In
Create a free account or log in.

Gain access to limited free articles from Prometheus Research.

Already subscribed? Log in.