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Econ Focus
Third Quarter 2022

In this issue: quantitative tightening, inflation and supply chain disruptions, rural areas paying newcomers, the teacher shortage, and more.

Cover Story

quantitative tightening

While the Fed has experience buying assets to respond to crises, questions remain around unwinding those actions

President's Message

Thomas I. Barkin

Following the Great Moderation — an era of low and stable inflation — the wind seems to have shifted. What does this mean for Fed policy?


Maggie Blume sitting on rock with a river behind her

States and communities are looking for remote workers as sources of economic growth. Is offering them cash and other perks a promising model of economic development?

Used cars lined up in a row

Today's inflationary snarls reflect both supply shocks and policy stimulus.


stephanie schmitt-grohe

Columbia University economist on inflation, capital controls, and finding research topics.

Shopping mall

Malls have been a part of the American cultural and economic fabric for generations. How will they survive recessions, the rise of online shopping, and a pandemic?

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