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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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balance sheet normalization

Federal Reserve, Jerome Powell, balance sheet normalization, monetary rules
Financial Markets, News, The Fed & Central Banks

Powell's "Patience" is No Substitute for a Sound Monetary Rule

James Dorn/April 1, 2019June 19, 2022

Fed Chairman Jerome Powell’s decision in December to raise the federal funds target by 25 basis points, to 2.25–2.50 percent, and to continue raising rates at least twice in the new year, upset financial markets. The Dow and S&P each dropped at least 8.7 percent, logging their…

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balance sheet normalization, Fed balance sheet, Federal funds rate, IOER, Jerome Powell
Financial Markets, News, The Fed & Central Banks

The Six Trillion Dollar Chairman

George Selgin/July 3, 2018June 19, 2022

As The Wall Street Journal, The New York Times, and several other news outlets reported recently, although it has managed to avoid setting off another taper tantrum like that of 2013, the Fed is having a bad case of unwind jitters, thanks to unanticipated tightening in the…

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FOMC minutes, Balance sheet normalization, interest on excess reserves, FOMC, inflation targeting, fed funds market
Money & Politics, News, The Fed & Central Banks

What the FOMC Minutes Reveal about Normalization

Tate Lacey/July 6, 2017June 19, 2022

The Federal Reserve released the minutes from its June policy-setting meeting yesterday afternoon. The Federal Open Market Committee (FOMC) minutes reflect an economic outlook consistent with recent public comments made by Fed officials: an improving labor market, confidence that the current path of monetary policy will achieve 2% inflation…

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About Us

Welcome to Alt-M, a community devoted to exploring and promoting ideas for an alternative monetary future. Our goal is to reveal the shortcomings of today’s centralized, bureaucratic, and discretionary monetary arrangements, and to bring serious consideration of real alternatives to the center stage of current monetary and financial reform debates.

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