Analytical Corner: Has the Transmission of US Monetary Policy Changed Since 2022?

Monday, Oct 21, 2024 | 02:30 PM - 02:55 PM

Location: Cedar Hall HQ1-1-660


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OVERVIEW

 

The US economy grew strongly after the Fed hiked rates in 2022. Was this because monetary policy was less effective than usual? Or did other factors just offset it? We show Fed policy was about 25% weaker than usual, but only temporarily.

 

 

SPEAKERS

 

Josef Platzer

Research Department, IMF

Philip Barrett

Western Hemisphere Department, IMF