Martin Wolf

FT

The fact that Powell plans to remain on the Fed’s board is encouraging, since the next few years are likely to be challenging for US monetary stability.

The legacy of Jay Powell at the Fed

The view of many economists today is that if a crisis is going to strike, it is likely to be triggered in the US.

Imbalances are back on the global agenda

The writer suggests that AI "scrapers" compensate the owners of the copyright they use - or even that a tax on big AI businesses be used to support the creative commons, that is, human-created arts and sciences.

What to do when the ‘public good’ of information goes bad

People should be allowed to sue platforms for full reimbursement of costs they incur from being tricked by the fraudulent advertisements they publish.

We have to be able to hold tech platforms accountable for fraud

The main reason to worry about global trade imbalances is not the impact on manufacturing, but rather on financial stability.

Why global imbalances do matter

The US Capitol in Washington, DC. The US is embarking on financial deregulation at a time of high leverage and financial risk-taking. It is also continuing with high fiscal deficits while attacking its creditors via trade and fiscal policy.

Interest rates are normal, the world is not

In the fourth quarter of last year, 58 per cent of global reserves were in dollars, down from 71 per cent in the first quarter of 1999, but far ahead of the euro’s 20 per cent.

Trump’s assault on the global dollar

China, the Asia-Pacific’s principal trading power, as well as a rapidly rising military power, is bound to dominate not just the region, but well beyond that.

China senses an opportunity in Trump’s cultural revolution

A child being given nutrition supplements provided by USAid at a refugee camp in Bangladesh. The agency has been described by billionaire Elon Musk as a “viper’s nest of radical-left marxists who hate America”.

The case for persisting with foreign aid

The UK has been relatively undynamic since the World War II.

Reckoning with an era of slow growth