Appropriating language from Paul Volcker, Federal Reserve Chairman Jerome Powell has pledged to “keep at it” and risk a recession to conquer inflation. In varying measure, central bankers in other Western industrialized countries, save Japan, are Read more
Tag: opinions
Opinion: The Republicans’ disappointing midterm elections
A few months ago. Republicans were confident about big gains in the midterm elections. However, Biden’s recent winning streak in Congress—the Chips Act and Inflation Reduction Act—has raised his approval ratings and rallied the troops. Read more
Opinion: Stressing about the market only makes things worse
Watching the gyrations in the market this past month makes anyone dizzy. And nervous. After years of long-term rising stock-market values SPX, +0.71% GDOW, +0.64%, we are faced with rising Read more
Opinion: If Europe and the U.S. want to win the war in Ukraine, they must enlist their economies in the fight
NEW YORK (Project Syndicate)—Politically, the G-7 and like-minded countries around the world have adopted a war footing to stop Russian aggression. Russian President Vladimir Putin violated the most fundamental principle Read more
Opinion: Conservatives in the U.K. and the U.S. must turn away from the populist politics of grievance and return to pro-growth policies
WASHINGTON (Project Syndicate)—The United Kingdom’s new prime minister, Liz Truss, is turning the page on self-destructive populism. Meanwhile, the United States continues to wallow in it. If she can navigate Read more
Opinion: Everybody is looking at the CPI through the wrong lens. The best measure shows inflation fell to the Fed’s target in the past three months.
That’s the big question facing policy makers, investors and consumers. Unfortunately, the way we talk about the inflation numbers — released Thursday — can confuse as much as it can Read more
Opinion: Everybody is looking at the CPI through the wrong lens. The best measure shows inflation fell to the Fed’s target in the past three months.
That’s the big question facing policy makers, investors and consumers. Unfortunately, the way we talk about the inflation numbers — released Thursday — can confuse as much as it can Read more
Opinion: The Fed needs to jack up interest rates a lot more to bring inflation back under control
The Federal Reserve must do more to fight inflation in an economy radically changed by the pandemic, conditions in China, the war in Ukraine. and climate change. Counterpoint: Leading indicators Read more
Opinion: Central banks want to fight inflation, but they still need to keep the financial system functioning. The two goals may be conflicting.
After two years of quantitative easing, central banks have begun to shrink their balance sheets, and liquidity seems to have vanished in the space of just a few months—revealing acute Read more
Opinion: A new progressive agenda must harness the power of the people’s government to drive innovation as well as equity
LONDON (Project Syndicate)—With much of the world facing unavoidable health, energy, cost-of-living, and climate challenges, progressive political leaders have an opportunity to articulate a meaningful alternative to traditional economic policy-making. Read more