Robert Mitchell

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Higher Interest Rates May Force Higher Inflation Rates

Because of the $20 trillion size of the total U.S. national debt, the Federal Reserve acting to increase interest rates would ordinarily create …

Donald Trump is right: Congress should pass DACA

IF YOU could design people in a laboratory to be an adornment to America they would look like the recipients of DACA. Deferred Action for Childhood …

To deter North Korea, America and its allies must speak with one voice

ON SEPTEMBER 3rd North Korea tested what it claimed was a hydrogen bomb. Whether it was really that, or merely a boosted fission device, is unclear …

Comfortably Numb: Why the U.S. Economy Shrugs Off Politics

Despite threats ranging from North Korea to a government shutdown, the economy has accelerated and markets look buoyant. But complacency about political risk is itself one of the biggest risks the U.S. faces<p>Just how much political risk can the U.S. economy tolerate? Quite a bit, it seems.<p>The …

Economy

China fires its first warning shot, warning iPhone sales will suffer if Trump starts a trade war

Apple iPhones and other U.S. goods could suffer sales hits in China if President-elect Donald Trump goes through with his "naive" plan of slapping a …

Trade Warning to China Over North Korea Carries Risks to U.S. Economy

Trump administration says it wants countries to stop doing business with regime or risk being shut out of American market<p>By<p>Kate Davidson<p>Kate Davidson<p>The Wall Street Journal<p>Biography<p>@KateDavidson<p>kate.davidson@wsj.com<p>WASHINGTON—President Donald Trump’s stern warning that the U.S. may halt trade with …

North Korea

To understand rising inequality, consider the janitors at Kodak and Apple, then and now

ROCHESTER, N.Y. — Gail Evans and Marta Ramos have one thing in common: They have each cleaned offices for one of the most innovative, profitable and all-around successful companies in the United States.<p>For Evans, that meant being a janitor in Building 326 at Eastman Kodak's campus in Rochester, New …

‘Dreamer’ Plan That Aided 800,000 Immigrants Is Threatened

Jessica Rojas beat poverty to put herself through engineering college, where she collected accolades for academic achievement. After graduating last year, Ms. Rojas, who grew up in Chicago, was hired by a utility company to help modernize the city’s electrical grid.<p>But her life could soon be …

U.S., Mexico Spar on Nafta

Trump threatens to withdraw from trade deal and then Mexico says it too could walk away as talks resume<p>The second round of talks to renegotiate the North American Free Trade Agreement began on Friday under a dark cloud after both the U.S. and Mexico raised the stakes dramatically in recent …

How Immigration Helps U.S. Workers and the Economy

The impact of immigration on American workers is an increasingly relevant question. President Trump argues that “decades of immigration have produced …

We have millions of open jobs, so where are the people to fill them?

President Trump campaigned on one main economic priority: job growth. He has since launched multiple initiatives to spur job creation in the United …

Economic Forecast: Theories Behind The Numbers

What's the theory behind my economic forecast? In simple language, it's complicated. My forecast is judgmental rather than coming from an econometric …

However confident the Fed is of recovery, there is growing evidence of a slide into outright deflation<p>Hurricane Harvey was such a distraction last week that Donald Trump forgot to tweet about his country’s return to 3% GDP growth. When the news came that US second-quarter GDP, when extrapolated …

Economics

How Social Security Invests Its $2.9 Trillion in Excess Cash

The average rate of return on Social Security's trillions is just 2.9%.<p>The Social Security program, which pays benefits to more than 61 million …

Opinion: No, hurricanes are not good for the economy

Once the immediate danger of a natural disaster subsides, and the loss of life, property damage, cost of rebuilding, and degree of insurance coverage …

Economy won't grow if tax 'reform' is just more GOP cuts for the rich

Tax changes can actually drive growth, but only if we bust the three-decade myth that giving more money to successful people will help the rest of us.<p>Trying to restart his party’s stalled agenda after the epic Republican failure to repeal Obamacare, President Trump is moving on this week to tax …

What Real Tax Reform Could Be

After their protracted failure to repeal Obamacare, congressional Republicans have indicated that taxes will be next on their agenda. It’s a misnomer to call their plans “tax reform,” though, because they have proposed little more than the same deep cuts for corporations and wealthy individuals …

Why Is Wage Growth So Slow?

Mary C. Daly and Bart Hobijn<p>Despite considerable improvement in the labor market, growth in wages continues to be disappointing. One reason is that …

Economics

Why Trump Won't Keep His Promise to Create Jobs

Employers are looking for workers, not the other way around.<p>President Donald Trump has been in office just seven months, but it’s not too soon to make this prediction: He’ll break his promise to create 25 million new jobs.<p>That’s because Trump inherited the strongest labor market in modern times, …

Great Depression

How inequality became the big issue troubling the world's top economists

Every three years, all Nobel Prize winners in economics are invited to gather in the tranquil setting of the German island of Lindau to meet a …

Income Inequality

Trump seems hell-bent on bringing back an economic horror we haven't seen since the 1970s

If President Donald Trump is able to enact the trade policy he wants, the US economy could be blasted to a very uncomfortable part of its past — a period during the 1970s when it suffered from something called stagflation.<p>Stagflation is a cocktail of persistently low economic growth, high …