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
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 […]
The latest inflation data from the Bureau of Economic Analysis largely confirm market expectations. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, […]
The Federal Open Market Committee announced on Wednesday it would hold its federal funds rate target at 4.25 to 4.5 percent, ending the three-meeting rate-cut streak that began in September […]
President Trump’s return to the White House has sparked a resurgence of interest in central bank independence. Federal Reserve Governor Michael Barr said he would step down from his Vice […]
How much longer will high inflation plague the US economy? Both the Consumer Price Index (CPI) and the Personal Consumption Expenditures Price Index (PCEPI) have grown faster than 2 percent […]
Prices still pinch: The Bureau of Labor Statistics announced the Consumer Price Index (CPI) rose 0.4 percent in December and 2.9 percent over the past year. The major cause was […]