BERKELEY, Calif. (Project Syndicate)—Inflation now tops the list of concerns for many voters in the United States. But if they use this week’s midterm election to protest inflation, they could tip control Read more
Tag: WSJ Dollar Index
Opinion: Biden is undermining Powell’s efforts to curb inflation
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
Opinion: Leading indicators show inflation is slowing, but Fed policy makers are too busy looking in rearview mirror to notice
The Federal Reserve is speeding down the road looking in the rearview mirror, chasing a demon it doesn’t understand and praying that inflation will recede before it drives the economy Read more
Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy
NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that central Read more
Opinion: The dollar will remain strong as long as fundamentals and the Fed allow
CAMBRIDGE, Mass. (Project Syndicate)—Despite rampant inflation and slowing growth, the U.S. dollar BUXX, +0.57% DXY, +0.78% keeps going from strength to strength. Since May last year, the dollar has risen Read more
Opinion: Why the Fed keeps its focus strictly on the U.S. economy even as its actions could push the whole world into recession
The U.S. Federal Reserve holds inordinate sway over the world’s economies—yet it acts, in some ways, like they don’t really matter. Its power is primarily because of the dominance of the Read more
The U.S. dollar kicked off 2022 with a 6-month rampage — what that means for markets in the 2nd half
2022 is shaping up as a historic year for markets. But while the S&P 500 is headed for its worst first half since 1970, the dollar appreciated during the first Read more