The US Recovery Turns Ten

CAMBRIDGE – This month marks the tenth full year of the US economic recovery that began in June 2009. Back then, a “trough” in business activity...

The Real Cost of Trump’s Tariffs

WASHINGTON, DC – Earlier this month, US President Donald Trump suddenly revealed that a trade agreement between the United States and China was not...

Moore Problems for the Fed?

CAMBRIDGE – One of US President Donald Trump’s two intended nominees to fill vacancies on the US Federal Reserve Board of Governors – Herman...

Xi and Trump Miss Their Chance

CAMBRIDGE – President Donald Trump has postponed until at least April the supposed deadline for concluding the United States’ current trade...

Should Bold Ideas Drown Out Old Ideas?

CAMBRIDGE – America’s Democratic Party is moving to the left, we are told. It is not yet clear whether this applies to the median American voter,...

The Euro’s First 20 Years

CAMBRIDGE – Since its introduction two decades ago, the euro has faced serious challenges. So far, it has survived intact. Yet, on the common...

Re-Reading George H.W. Bush’s Lips

CAMBRIDGE – When President George H.W. Bush was laid to rest last week, the encomiums appropriately remarked on his general decency and competence,...

A Trade War is No Reason to Ease Monetary Policy

CAMBRIDGE – The world is in a trade war, and there is no sign of peace breaking out anytime soon. By now, the disruption to trade appears extensive...

The New and Not Improved NAFTA

CAMBRIDGE – US President Donald Trump acts as if he has pulled off a smashing victory by replacing the North American Free Trade Agreement (NAFTA)...

Trump wrong to brand China a currency manipulator

Trump’s Currency Confusion Continues

CAMBRIDGE – Next month, the US Department of the Treasury is due to submit to Congress its biannual report detailing which countries, if any, are...