The Fed Listens: Transforming the Monetary Policy Framework
The U.S. Federal Reserve reviewed its monetary policy framework in 2025, removing the concept of flexible average inflation targeting and adopting a flexible inflation targeting approach. Powell presented this new approach in Jackson Hole, adjusting terms such as “shortfalls” and “broad and inclusive maximum employment goal”. Now, the Fed seeks to achieve full employment in a sustained manner in a context of price stability.
Monitoring NLRB Actions via Administrative Data
NLRB data analysis shows closed cases, new filings, and lack of quorum. Despite the member shortage, regional directors have closed cases at the pace of prior years. The lack of quorum prevents the NLRB from issuing decisions or handling certain cases, but operations continue in regional offices.
The Trump-Lee Summit: 3 Key Insights from Their Historic Alliance
During the Trump-Lee Summit, the South Korean president praised Trump, they addressed the trade relationship and expressed interest in improving relations with North Korea, thus strengthening the alliance between the U.S. and South Korea. Nevertheless, there are pending issues such as the modernization of the alliance to face challenges like China and North Korea.
Modernizing Minimis Rules for a Global Economy: Small Parcels, Big Challenges
The abrupt change in de minimis exemption eligibility has generated uncertainty and disruptiveness in international postal services, businesses, and consumers, raising concerns about fairness and compliance. A thoughtful reform is needed to build a balanced and resilient system globally.
NIH Funding for Local Employment
The link between NIH funding and local employment, especially in university towns, is crucial. Reduction of these funds can decrease employment and harm the local economy, a study shows. Investment in avoiding these cuts is valuable for both health and the economy.