13 Items

A man wearing a mask is standing in front of the granola isle in a supermarket and looking at a product in his hands.

AP Photo/Andres Kudacki

Analysis & Opinions - The Wall Street Journal

One Good Inflation Report Isn’t Enough

| Aug. 11, 2022

The market has shifted to expecting 50 basis points at the next FOMC meeting. That may be the right prediction, but based on the data to date, it would be the wrong policy. Plenty of things could happen between now and September that would justify something else. But the Fed is still so far from its inflation target that it can’t afford to continue to let financial conditions ease. Better to be more aggressive now than to have a bigger problem to deal with later.

Sen. Joe Manchin, D-W.Va., talks with Senate Majority Leader Chuck Schumer of N.Y., before an event in the Indian Treaty Room in the Eisenhower Executive Office Building on the White House Campus in Washington, Tuesday, March 15, 2022.

AP Photo/Patrick Semansky

Analysis & Opinions - The Wall Street Journal

The Schumer-Manchin Bill Will Ease Inflation and Climate Change

| July 28, 2022

The Inflation Reduction Act, to which Sen. Joe Manchin and Majority Leader Chuck Schumer agreed Wednesday, is what the country needs now. It will help address one of the world’s biggest long-run challenges, climate change, while making progress on inflation. At the same time it will help protect the most vulnerable by extending tax credits for healthcare.

In this combination of file photos, former Vice President Joe Biden speaks in Wilmington, Del., on March 12, 2020, left, and President Donald Trump speaks at the White House in Washington on April 5, 2020. 

AP Photo, File

Analysis & Opinions - Politico

The General Election Scenario That Democrats Are Dreading

| May 26, 2020

The Covid-19 recession started with a sudden shuttering of many businesses, a nationwide decline in consumption and massive increase in unemployment. But starting around April 15, when economic reopening started to spread but the overall numbers still looked grim, Furman noticed some data that pointed to the kind of recovery that economists often see after a hurricane or industrywide catastrophe like the Gulf of Mexico oil spill.

President Donald Trump speaks during a coronavirus task force briefing at the White House, Saturday, April 4, 2020, in Washington.

AP Photo/Patrick Semansky

Analysis & Opinions - The National Interest

Democrats And Republicans Should Agree On How To Solve The Coronavirus

| Apr. 05, 2020

Jason Furman, Scott Gottlieb, Kavita Patel, and Michael R. Strain

Among the four of us, one of us served in President Trump’s administration and two of us served in President Obama’s administration. Two of us are doctors and two of us are economists. All four of us strongly believe that one of the many critical steps Congress should take to slow the spread of the COVID-19 disease, help the families and communities most affected by it, and aid the overall economy would be to increase the federal matching rate for the Medicaid program.

Council of Economic Advisers Chairman Jason Furman, talks about President Barack Obama’s Fiscal Year 2016 Budget, during a news conference at the Eisenhower Executive Office Building in the White House complex in Washington, Monday, Feb. 2, 2015. 

AP Photo/Manuel Balce Ceneta

Analysis & Opinions - The New York Times

The Debate Over Money for Everybody

| Mar. 24, 2020

Furman is a professor at Harvard University and a former economic adviser to President Barack Obama, serving both during and after the Great Recession. "I find what we're going through right now much scarier," he says. Scarier not just because of the virus, he says, but also because of the pace and potential depth of the economic meltdown it's causing.

A man walks through a nearly empty Times Square, which is usually very crowded on a weekday morning, Monday, March 23, 2020 in New York. Gov. Andrew Cuomo has ordered most New Yorkers to stay home from work to slow the coronavirus pandemic. (AP Photo/Mark Lennihan)

AP Photo/Mark Lennihan

Analysis & Opinions - The New York Times

Trump Considers Reopening Economy, Over Health Experts’ Objections

  • Maggie Haberman
| Mar. 23, 2020

As the United States entered Week 2 of trying to contain the spread of the coronavirus by shuttering large swaths of the economy, President Trump, Wall Street executives and many conservative economists began questioning whether the government had gone too far and should instead lift restrictions that are already inflicting deep pain on workers and businesses.

3/6/20 People wear masks to protect themselves from the Corona Virus in New York City. Shoppers have cleared store shelves of sanitizing products.

John Nacion/STAR MAX/IPx 2020

Analysis & Opinions - The Wall Street Journal

The Case for a Big Coronavirus Stimulus

| Mar. 05, 2020

Given the mounting economic risks posed by the spread of the novel coronavirus, Congress should act swiftly but thoughtfully to pass fiscal stimulus. This would be in addition to continuing to provide ample funding for medical research, testing, prevention and treatment. The stimulus’s total cost would be about $350 billion, but could be larger or smaller depending on how the economic situation unfolds. Congress should design it to be accelerated, big, comprehensive and dynamic.

This photo shows the Federal Reserve Building on Constitution Avenue in Washington in March 2009. 

AP Photo/J. Scott Applewhite

Analysis & Opinions - The Wall Street Journal

The Case for Pausing the Interest-Rate Climb

| Nov. 27, 2018

The Federal Reserve has done an outstanding job fulfilling its dual mandate of maximum employment and price stability. To keep the economy in this happy Goldilocks position, the Fed should hold off on raising rates at its December meeting and consider incoming data before deciding when—or even whether—to resume tightening.