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NEW HAVEN — Poor Jerome Powell. With US inflation close to a 40-year high, the Federal Reserve (Fed) chair knows what he needs to do. He has professed great admiration for Paul Volcker, his 1980s-era predecessor, as a role model. But, to paraphrase US Senator Lloyd Bentsen’s famous 1988 quip about his vice presidential rival, Senator Dan Quayle, I knew Paul Volcker very
NEW HAVEN — I should have listened to Alan Greenspan, at least when it comes to currency forecasting. The former chair of the Federal Reserve (Fed) once told me it was a fool’s game, with the odds of getting currency calls right worse than a successful bet on a coin toss. Two years ago, I ignored the maestro’s advice and went out on a limb, predicting that the US dollar
Unwilling to acknowledge the changing nature of the virus, the Chinese government continues to claim that it can outrace the virus through extreme containment measures.
Migrant workers and recent college graduates have been hit hardest by shuttered factories, closed construction sites and an anemic job market.
The predictable downward revision cycle for the global economic outlook has officially begun. That’s the message from the semi-annual World Economic Outlook