The March session of DataTalk explored big data and its applications for driving innovation and risk management in FIs.

Episode 133 of FRT reflects on the role of cloud computing in the future of finance, and the recent US Treasury Report on the topic, with Howard Bovil...

In this episode of Current Account, Clay gives an overview of the current market volatility in the banking sector, including the failure of Silicon Va...

Episode 132 of FRT provides an update on digital transformation in the public sector with Sopnendu Mohanty, Chief Fintech Officer at the Monetary Auth...

In this episode of Current Account, Clay covers the broad topic of Artificial Intelligence, better known as AI. The discussion includes defining AI an...

By Robin Brooks and Peter Orszag The Fed last year hiked its policy rate aggressively, driven by fears it was falling behind the curve. Yet the lags with which various forces drive inflation are uncertain, so resulting tightening in US financial conditions may have been too rapid relative to the “true” pace of underlying inflation. We focus on one particular source of lags in the inflation process: lingering effects from supply chain disruptions at the height of COVID. We show that lagged supply chain effects are still an important driver of inflation in 2022, likely because price adjustments take time to filter into inflation. We estimate that the lingering impact of heightened COVID-era delivery times explains up to 70 percent of elevated core inflation in Q4 2022. The possibility that lagged supply chain effects are still working their way through the system advises a “wait-and-see” approach for the Fed, especially now that the lagged effects from rapid Fed hikes in 2022 are being felt.