President Trump has been attacking the Fed’s current policy of slowly raising interest rates. A former central bank official explains why that’s so troubling.
- Visiting Faculty in Economics, Emory University
The Federal Reserve lifted rates for the second time this year and expects to do so once more, suggesting it’s fairly confident the economic recovery will continue. Is it overconfident?
Trump has vowed to use new bidding procedures to curb the soaring cost of new drugs. There’s a better solution, however, that doesn’t risk also curbing the development of lifesaving treatments.
The Fed left interest rates unchanged but said improving economic data means it will likely lift them later this year. We asked two scholars – and ex-Fed officials – if it was the right call.
Producers keep pumping more oil, even as prices are falling to fresh 12-year lows every day. What’s driving this?
The Fed lifted its target interest rate for the first time in nearly a decade, which was hardly a surprise. What happens next may still stump us.
Our roads, bridges and schools are in dire need of aid, and the economic benefits of investment far outweigh the financial costs.
The more important question is when the federal government will get in the game and help support the economy.
The desire of some lawmakers to subject the Fed to extra scrutiny betrays a misunderstanding of central bank independence and monetary policy.
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