Friday’s jobs report summarized key developments on the labor front during September. Although the big miss on job creation made headlines, the key message came from data on wage growth and the labor force participation rate. And disappointment on Nonfarm Payroll did not push Tr…
“Stagflation” is a phenomenon that has not recurred in the United States for almost a half century. It refers to the developments of 1973 - 1975 when s…
Lessons on How Global Policy is Set
For several years, I have been critical of Federal Reserve policy since the 2008 financial crisis maintaining near-zero interest rates even as the cent…
It is instructive, especially on Labor Day, to ponder over the message that the latest jobs numbers released Friday convey to financial markets. The US…
Fed Chairman Jerome Powell gave his much-awaited speech virtually at the annual Jackson Hole summit on Friday. There were no surprises, and he did not …
Inflation just doesn’t seem to want to exit center stage. If anything, inflation became a major political issue Wednesday when the President defended h…
Even as the Federal Reserve and its Chair, Jerome Powell, maintain that the surge in inflation is transitory, developments over the past week dented th…
See all