Preston Mui

The second leg of the productivity growth stool is a boom in fixed investment. This is the heart of productivity growth in many ways, and is critical to achieving disinflationary dynamics over the medium term.

Statements by Bowman, Goolsbee, and Powell this week revealed little we didn't already know.

For decades, “jobless recovery” has been a watchword in the aftermath of each recession. But in the 1990s—and today—we saw a fully recovered labor market.

The headline January labor market data was strong, but there are still some signs of weakness under the surface.

"The Dream of the 90's" examines the macroeconomic conditions that led to strong growth in the late-1990s and what policies can revive that productivity growth today.

With lots of new data around the corner, the Fed will want to keep its options open.

Committee members continue to be tight-lipped about the timing of cuts, with almost everyone out with some version of "it will depend on the inflation data."

Members are mostly loathe to talk about rate cut timing, but reveal some thoughts about the trajectory of the economy.

With healthcare costs projected to rise over the coming decade, a policy proposal that has been circulating is making Medicare reimbursements site-neutral. In this brief, we estimate the disinflation effects of implementing site-neutral payments for Medicare.