The Business Times

Clive Crook

AI is already having conflicting macroeconomic effects, says the writer, though these have yet to translate into any clear implication for monetary policy.

The Fed’s wait-and-see approach to AI can’t last

The next crash could break records

FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Is the US dollar’s era of exorbitant privilege ending?

The Trump administration wants a less globalised economy and a still pre-eminent greenback. Getting both won’t be easy

By declaring a trade war on the rest of the world, the White House has already demonstrated the limits of US power, weakened US-led alliances and global institutions, and is proving that America’s erstwhile partners will be unable to repair the damage.
COMMENTARY

The EU is in a trade war but can’t fight back

The bloc’s only course is to conciliate, limit the economic damage and quietly develop channels of international cooperation that don’t rely on...

Pedestrians walk past an electronic quotation board displaying the Nikkei index on the Tokyo Stock Exchange in Tokyo on September 19, 2024. (Photo by Kazuhiro NOGI / AFP)

America’s fiscal exceptionalism is all too real

The US should stop wringing its hands about public borrowing and do something about it

Interest rates set by the US Fed affect perceptions of the cost of living

Does interest rate pain explain the consumer sentiment gap?

Most calculations of inflation don’t factor in the impact of changes in interest rates

A 'Now Hiring' sign in Los Angeles. United States Federal Reserve chair Jerome Powell hopes that lower demand could reduce labour market pressure without raising unemployment — but historically, whenever vacancies come down substantially, unemployment goes up.
THE BOTTOM LINE

The Fed should get ready for higher unemployment

ANNOUNCING another interest-rate increase on Wednesday (Jul 27), United States Federal Reserve chair Jerome Powell said that the path toward a soft...

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