193 Items

Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington in September 2018.

AP Photo/Susan Walsh

Analysis & Opinions - The Wall Street Journal

Raise Rates Today to Fight a Recession Tomorrow

| Nov. 26, 2018

Some observers worry that higher short-term rates will push the economy into recession and wonder why the Fed is continuing to raise rates despite already having achieved its explicit monetary-policy goals. Yet that view overlooks the role that higher interest rates today must play in enabling the recovery from an inevitable future downturn. It is in the interest of the next recovery, I believe, that the Fed will continue its steady rate increases.

AP Photo/Andy Wong

AP Photo/Andy Wong

Analysis & Opinions - Project Syndicate

The China Tariff Mess

| Sep. 28, 2018

The cost to US consumers and firms imposed by tariffs on Chinese imports is not large relative to the gain that would be achieved if the US succeeds in persuading China to stop illegally taking US firms’ technology. But the Trump administration should state that this is the goal, and that the tariffs will be removed when it is met.

Pennies

John Jones/Creative Commons

Analysis & Opinions - Project Syndicate

How to Increase America’s Saving Rate

| July 26, 2018

Once upon a time, US policymakers believed that more consumer spending was better than higher saving. But even though officials have come to realize that a high level of saving means more investment and faster growth, legislation to encourage more personal saving has failed to reverse a sharply downward trend.

John Krafcik, CEO of Waymo Inc., the autonomous vehicle company created by Google's parent company, introduces a Chrysler Pacifica hybrid outfitted with Waymo's own suite of sensors and radar at the North American International Auto Show in Detroit on Jan. 8, 2017. AP Photo/Paul Sancya, File.

AP Photo/Paul Sancya, File

Analysis & Opinions - The Wall Street Journal

The Fed Can’t Save Jobs From AI and Robots

| June 10, 2018

The day is coming, experts tell us, when artificial intelligence and robotics will massively disrupt the labor market. Autonomous vehicles will put 3.5 million truck drivers at risk of losing their jobs. Checkout machines may replace 3.4 million retail cashiers. That is only the beginning of the long list of jobs that will be destroyed by technological change.

Visitors look at a Chinese company's industrial machinery used for processing soybean at the international soybean exhibition in Shanghai. April 12, 2018 (Andy Wong/Associated Press). Keywords: China, trade, soybeans

Andy Wong/Associated Press

Analysis & Opinions - Project Syndicate

The Next Step for Chinese Economic Policy

| Apr. 23, 2018

Now that it has risen to the top of the global economy, China must adopt the necessary reforms to become fully compliant with the international rules that it accepted upon joining the World Trade Organization in 2001. Its current policy will only lead to a serious trade conflict with the US