I am so glad you asked this great question! Indeed, many of us study economic theory in classrooms, and the Phillips curve is typically covered in a macroeconomics class. However, it is natural to ...

New data covering the period since May 2023 have continued to follow the path of a nonlinear Phillips curve that shows the relationship between inflation and a particular measure of labor market slack ...

What is the Phillips curve? What is the Phillips curve? The Phillips curve is a model that attempts to show the relationship between inflation and unemployment. Central bankers who are responsible for ...

We got another labor market indicator on Wednesday ahead of Friday’s jobs report. According to ADP, the private sector added 152,000 jobs in May. That’s fewer than were added in April, so a bit of a ...

Jason Furman errs in relying on a supposed Phillips curve trade-off between inflation and unemployment in his op-ed “The Fed Can Take Its Time Taming Inflation” (June 17). A plot of inflation and ...

The Fed cut the Fed Funds rate by 50 basis points on September 18. The Fed’s twin mandate, keeping inflation under control and aiming for low unemployment is really in the service of the American ...

Speaker Johnson Proves the Necessity of Reviving the Nondelegation Doctrine Yes, Ozempic for All Unite the Rails The Fed’s Latest (Sort of) ‘Mission Accomplished’ Higher inflation does not mean lower ...

(Reuters) - One of the fundamental theories of modern economics may have finally been put to rest. In the several years before the coronavirus pandemic took hold of the global economy, Federal Reserve ...

Forbes contributors publish independent expert analyses and insights. I write about economic policy for the 21st century. In 1958, economist William Phillips wrote a paper which found a relationship ...

The Phillips curve describes an inverse correlation between inflation and unemployment. It says that as inflation rises, unemployment goes down, and vice versa. The curve got its name from a New ...