Thursday - April 30, 2026
New York Fed: 'Structural Changes in Investment and the Waning Power of Monetary Policy'
April 07, 2026
NEW YORK, April 7 (TNSLrpt) -- The Federal Reserve Bank of New York issued the following staff report (No. 1190) in March 2026 by Justin Bloesch and Jacob P. Weber entitled "Structural Changes in Investment and the Waning Power of Monetary Policy."

Here are excerpts:

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We argue that secular change in both the production and composition of investment goods has weakened investment's role in the transmission of monetary policy to labor earni . . .

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