Sound Money Project
The Sound Money Project was founded in January 2009 to conduct research and promote awareness about monetary stability and financial privacy. The project is comprised of leading academics and practitioners in money, banking, and macroeconomics.
Advisory Board: Steve H. Hanke, Jerry L. Jordan, Lawrence H. White
Director: William J. Luther
Senior Fellows: Nicolás Cachanosky, Gerald P. Dwyer, Joshua R. Hendrickson, Thomas L. Hogan, Gerald P. O’Driscoll, Jr., Alexander W. Salter
Fellows: J.P. Koning
Earlier this month, in her first public speech as the Federal Reserve’s Vice Chair for Supervision, Michelle Bowman laid out her vision for how the central bank should oversee and […]
The tension between President Donald Trump and Federal Reserve Chair Jerome Powell has reignited, following the Fed’s recent decision to hold interest rates steady. President Trump stated again that he […]
President Donald Trump’s on-again, off-again feud with Federal Reserve Chairman Jerome Powell has market observers apprehensive. Economists, policymakers, businessmen, and commentators are worried about growing threats to the Fed’s independence. […]
Yesterday, the Federal Reserve’s monetary policy committee kept the target range for its policy interest rate at 4.25 to 4.5 percent, unchanged since December 2024. The decision came as no […]
In a recent speech delivered in Seoul, South Korea, Federal Reserve Governor Waller offered unique insights into how monetary policymakers should think about the effects of tariffs on both inflation […]
Disinflation is no longer a blip, but a trend. The Bureau of Labor Statistics reported that the Consumer Price Index (CPI) increased 0.1 percent in May, down from 0.2 percent […]
Will the Federal Reserve undershoot its inflation target this year? The Personal Consumption Expenditures Price Index (PCEPI) grew at an annualized rate of 1.2 percent in April 2025, marking the […]
The latest data from the Bureau of Labor Statistics confirm that the Federal Reserve has made a lot of progress on inflation. The Consumer Price Index (CPI) grew 2.3 percent […]
The Federal Reserve’s monetary policy committee left the target range for its policy rate unchanged at 4.25 to 4.50 percent at its May 7 meeting, maintaining the level set in […]
At a recent press conference, Federal Reserve Chair Jerome Powell claimed that the Fed’s flexible average inflation targeting (FAIT) framework did not contribute to the post-pandemic inflation surge. There was […]