Monetary policy guides inflation and economic growth. Learn what it means, the main types, and how central banks manage interest rates and stabilize the economy.

Even Milton Friedman—who never supported gold as money—admitted that a monetary system based on gold would “take care of ...

Before the 2008 global financial crisis, the Federal Reserve’s balance sheet stood somewhere in the neighborhood of $900 billion. In the years that followed, the Fed would embark on a series of ...

The Federal Reserve doesn’t need to adopt a “Monetary Policy Rule.” Not only would the central bank shed the pretense of rules-based constraints on its power during times of upheaval and uncertainty ...

Why are central banks looking at blockchains? Central banks are tiptoeing into the world of blockchain not because it is fashionable but because every part of the money-making machine, from settlement ...

Over history, the world has adopted the currency of the leading country for global payments. The USD is, arguably, the first global currency untethered from precious metals. Despite external ...

As faith in fiat currency falters, central banks are turning to gold and digital assets to anchor a new era of financial independence. Unsplash+ The reshaping of the global monetary system is ...

Forbes contributors publish independent expert analyses and insights. James Broughel is an economist focused on the economics of regulation. With the recent passage of the GENIUS Act, the United ...

Perhaps most notably, Nigeria achieved macroeconomic adjustment without a large-scale IMF bailout. By allowing the naira to find its market equilibrium, policymakers restored transparency and ...