Jan 12, 2026
President Trump may be able to appoint a loyalist to chair the Federal Reserve Board, but that doesn't guarantee he'll get meaningfully lower interest rates.The Fed can only control short-term interest rates, most notably the federal funds rate-the rate banks charge each...
Jan 5, 2026
Donald Trump is an activist, reform-minded president.No institution is safe from his scrutiny, but entering his final years, we should consider the global challenges confronting the nation no matter who occupies the White House.
Dec 29, 2025
The Federal Reserve had few good choices when it again cut interest rates.On the basis of what was known about inflation and labor markets, it could have resisted White House pressure and justified a move in the opposite direction-raised interest rates-or stood...
Dec 22, 2025
The stock market gains are fueling wealthy consumers, investments in artificial intelligence and continued economic growth.
Dec 16, 2025
Last month, Democrats won races for governor in Virginia and Pennsylvania and mayor in New York by stressing "affordability."Voters are giving President Donald Trump poor grades on inflation, and that threatens Republicans in Congress running for reelection.
Dec 8, 2025
The Fed should stand pat for now and see what happens at the Supreme Court regarding Mr. Trump's tariffs.
Dec 1, 2025
The economy is booming but jobs are hard to find.Second quarter GDP growth was 3.8% thanks to robust investment in information processing equipment, software and R&D, mostly to build out Artificial Intelligence.
Nov 24, 2025
President Trump is redefining the bargain between America and its allies by radically altering post-World War II western security arrangements and the conditions for market-driven globalization.