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| US Economic and Financial Conditions |
Editor: Susana Brown
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Jeffrey C. Fuhrer, Senior VP of Research,Federal Reserve Bank of Boston spoke about "US Economic and Financial Conditions: The Saga Unfolds". He is Executive Vice President and Director of Research at the Federal Reserve Bank of Boston. His current research program focuses on the development of macro econometric models of inflation, long-term interest rates, monetary policy, consumer spending, and the Phillips curve. Fuhrer's recent journal articles treat the importance of habit formation in consumer spending decisions, the persistence of inflation, the interaction between monetary policy and long-term interest rates, and the failure of new rational expectation models to explain business cycle fluctuations.
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