The Federal Open Market Committee is widely expected to leave its federal funds rate target unchanged at 3.5 to 3.75 percent when it meets on March 17–18. While investors eagerly…
Category:
Economy
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On February 11, the Congressional Budget Office (CBO) released its latest Budget and Economic Outlook. It made for grim reading. Deficits are historically high, totaling $1.9 trillion in 2026 and…
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On February 11, the Congressional Budget Office (CBO) released its latest Budget and Economic Outlook. It made for grim reading. Deficits are historically high, totaling $1.9 trillion in 2026 and…
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On the morning of March 12 in Grand Rapids, Michigan, the campus scene was simultaneously typical and surreal. Students and faculty were fatigued by midterm preparations, and many were starting…
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On the morning of March 12 in Grand Rapids, Michigan, the campus scene was simultaneously typical and surreal. Students and faculty were fatigued by midterm preparations, and many were starting…
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Inflation ticked down in January, the latest data released Friday from the Bureau of Economic Analysis shows. But it still remains well above the Federal Reserve’s target. The Personal Consumption…
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Inflation ticked down in January, the latest data released Friday from the Bureau of Economic Analysis shows. But it still remains well above the Federal Reserve’s target. The Personal Consumption…
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In the technology arms race between the United States and China for dominance in artificial intelligence (AI), we are often told that the decisive factor will be computational power: who…
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I recently used economist Albert Hirschman’s Exit, Voice, and Loyalty to explain why Jacinda Ardern, the former prime minister of New Zealand, quietly relocated her family to Sydney. When 43,000…
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For decades, economists have warned about the risk of fiscal dominance. Over the past year, the topic has graduated to news headlines. At first glance, the US’s deteriorating fiscal situation…