Bringing the Tablets Down from the Virtual Mountaintop

The Fed’s new long-run strategy departs fundamentally from its prevailing orthodoxy, so much so that it is hard to understand why “longer-run” remains in the title. Click here for access to the PDF.

Inflation update: Targeting a US inflation overshoot

With the Federal Reserve (Fed) recently announcing the central bank would shift to a new policy framework of flexible average inflation targeting, Insight fixed income fund manager David Hooker asks: What are the implications for investors?

Why is the Fed still negative on negative interest rates?

financial graphs on the screen

The European Central Bank (ECB) and the Bank of Japan (BoJ) both have negative rates. So why hasn’t the Federal Reserve (the Fed) followed suit? At a time when Covid-19 has brought world economies to a halt—and top government officials even argue in favor of negative interest rates —this is the question.