The Applied Critical Thinking (ACT) unit is tasked with poking holes in the most basic assumptions the central bankers make.

The Federal Reserve chairman solidified expectations of an interest rate cut later this month.

White House chief economic adviser says nominees will challenge the notion of a trade-off between unemployment and inflation.

With growth seeming precarious, many now expect significant reduction in interest rates before yearend.

However, rate cuts seem less likely: Some FOMC members' concerns about slowing global economic growth have abated.

Fed adopts stance it shunned under Janet Yellon: It won't hike rates until it has proof of accelerating price increases.

FOMC's statement yesterday indicates the bank will be “patient” in determining whether to continue raising interest rates later this year.

After monetary policy messages whipsawed global financial markets over the past month, effective communication will be key in Powell's remarks this week.