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The Hamilton Project seeks to advance America's promise of opportunity, prosperity, and growth.
US monetary policymakers are facing a quartet of troubling economic issues: high inflation, a looming recession, bank collapses and a hot labour market. The Fed scaled back the intensity of its inflation-busting rate hikes after recent bank failures, but that reprieve will likely be short. Will the economy hit the ground softly or roughly?
Treasury assistant secretary for economic policy Ben Harris, one of Joe Biden's top economic aides, has left the administration after years of advising the president.
If government economic forecasts are correct, there’s going to be a “mild” recession later this year—but it probably won’t seem so mild to the millions who would be put out of work.
The Federal Reserve was already under pressure to control inflation, protect the job market, avoid a recession and prevent a repeat of multiple scandals involving stock trades by officials. Then the banking crisis hit.