News
America's Productivity Pop Has a Startup Backstory
2+ mon, 1+ week ago (212+ words) Recent US productivity gains are solid by post-Global Financial Crisis standards. It's not a 1990s-style boom, but it's enough of a revival to make many observers wonder whether we've entered a new phase of faster productivity growth, driven by advances…...
Does American Capitalism Need to Be Reimagined? : A Response to an International Economy Symposium
2+ day, 9+ hour ago (71+ words) New Fed chairman Kevin Warsh should raise interest rates if there is even the slightest chance that inflation expectations will soon become unanchored. BY Desmond Lachman ON 16 Jun 26 BY Desmond Lachman ON 28 May 26 At best, President Trump may be able…...
Fed Chairman Warsh Should Follow His European Counterpart's Lead
1+ week, 1+ day ago (186+ words) Central bankers'have been known to quote'one of economist John Maynard Keynes's most famous maxims: "When the facts change, I change my mind." Evidently, Christine Lagarde, Europe's top central banker, subscribes to Keynes's wisdom. When the facts change, so too does…...
Sooner or Later, America Is Going to Have to Reckon With the Debt
1+ week, 4+ day ago (362+ words) The US hit a milestone this year. The size of the national debt eclipsed annual economic output. The ratio of debt to GDP is over 100 per cent for the first time since 1946, when the US had been borrowing to finance…...
A Strategic Rethink: Congress Versus the President on US Trade Policy
1+ week, 6+ day ago (214+ words) To register for this event, enter the following details: This is for cameras and camera personnel only. If you are a journalist, producer, correspondent, etc. you can register for the event by clicking on the RSVP to Attend button above....
The US Economy Needs Two Revolutions, Not Just One | American Enterprise Institute - AEI
1+ week, 6+ day ago (241+ words) A look at what's happening inside the House of Representatives gives confidence that at least some folks in Washington understand the seriousness of the need for reform. This session, the House has passed bills meant to help an energy buildout…...
Trump's Tariffs, Government Revenue, and the Cost of Living: The Case of Food and the Agricultural Tariff Exemptions
2+ week, 4+ hour ago (661+ words) The idea that tariffs can be a major revenue source is not new. 15 Between the ratification of the Constitution in 1789 and the onset of the Civil War in 1861, customs duties raised more than 50percent of federal revenues in all but three…...
No Fed Rate Cuts Anytime Soon
2+ week, 1+ day ago (139+ words) Needless to add, Trump will soon lose patience with Mr. Warsh if he does not deliver interest rate cuts. We have to hope that Mr. Warsh displays the same courage as Jerome Powell did'in not'bending'to'Trump's'unrelenting pressure for interest rate cuts....
New Challenges for a New Federal Reserve
3+ week, 1+ day ago (588+ words) Mike Tyson famously said that everyone has a plan until they are punched in the face. We have to wonder whether the same might be said of Donald Trump and the new Federal Reserve Chair Kevin Warsh's plans for the…...
The Fed Needs a Longer View
3+ week, 2+ day ago (155+ words) American Enterprise Institute - AEI The Fed Needs a Longer View David Malpass is certainly correct to argue that Fed balance sheet reduction is a worthy monetary policy objective (Why the Fed's Balance Sheet Needs to Shrink," op-ed, May 28). But he…...