The Business Times

Clive Crook

Donald Trump at the Super Bowl. Canadians are disgusted by the Trump administration and want their leaders to assert themselves, which Carney did.

What would it take for a European reset to succeed?

Slow but steady underperformance may no longer be an option – its choices are abject failure or renewal

Just how durable is the US dollar’s preeminence, and how much would it matter if the currency was dethroned?

Is the US dollar’s privilege on borrowed time?

The debate about its dominance turns on benefits, costs and incumbency

Fed chair Jerome Powell (above) is due to step down in May. US President Donald Trump will soon name a successor, and is expected to choose a political follower.

Investors are flying blind into the ‘Golden Age’

Over the past 12 months, the US has seen even every norm of economic policy – trade, fiscal, monetary – blithely tossed aside

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

It’s possible to nudge the US dollar’s value lower without causing long-term interest rates to rise – thus achieving greater competitiveness in trade without surrendering the exorbitant privilege, according to a strategy mapped out by Stephen Miran, chairman of the president’s Council of Economic Advisers.

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 US leadership

Japan’s public-sector financial assets (including securities) amounted to 134 per cent of GDP. The equivalent number for the US was just 23 per cent.

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 landing — with lower inflation and no significant ri...

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