Trump Is Right: China Should Stop Stealing the U.S.’s Best Ideas
August 14, 2018

Suppose a Chinese electric carmaker wants to win market share by selling cars with the best cutting-edge battery technology. How does it get that technology? It can hire some engineers, build a lab and try to develop it inhouse. It Continue reading

Trump Wont Kill Off Germanys Trade Surplus
August 11, 2018

Germany’s trade surplus is likely to stay large no matter how hard Donald Trump tries to make it disappear.

The U.S. president has accused his ancestral homeland — his grandfather was a German immigrant — of unfair trade practices and Continue reading

Plain English Powell Praises U.S. Economy After Rate Hike
June 15, 2018

Federal Reserve Chairman Jerome Powell signaled growing optimism on the U.S. economy while trying to reassure investors that the central bank would not derail the country’s second-longest expansion by aggressively tightening monetary policy.

Fed officials on Wednesday raised interest rates Continue reading

WorldsBig-Three Central Banks to Meet With Different Agendas
June 10, 2018

The world’s three most powerful central banks convene next week, with the U.S. Federal Reserve setting the pace in a retreat from the era of easy money.

Three meetings within 36 hours of each other are set to conclude with Continue reading

U.S. Leaves Door Open to Talks With China Amid Trade-War Fears
April 10, 2018
  • Trump says on Twitter the U.S. isn’t in a trade war with China
  • Stocks reverse losses as Mnuchin signals openness to talks

The Trump administration indicated it’s willing to negotiate with China on escalating frictions between the world’s two biggest Continue reading

Powell Says Strong Outlook to Prod Fed to Review Rate-Hike Path
March 21, 2018

Jerome Powell opened the door to the Federal Reserve raising U.S. interest rates four times this year as he acknowledged strengthening economic growth and inflation may prompt policy makers to rethink their plan for three hikes.

“My personal outlook for Continue reading

Gary Cohn to Resign as Trump Adviser After Dispute Over Tariffs
March 13, 2018

Gary Cohn is resigning as President Donald Trump’s top economic adviser, leaving his post as the administration prepares to impose steep tariffs on steel and aluminum that Cohn has opposed.

Cohn didn’t mention the dispute in a statement distributed Continue reading

BOE Raises Interest Rate for First Time in More Than Decade
November 4, 2017

Bank of England policy makers raised interest rates for the first time in a decade, yet expressed concern for Britain’s Brexit-dented economy by indicating that another increase isn’t imminent.

Led by Governor Mark Carney, the Monetary Policy Committee voted 7-2 Continue reading

U.S. Growth at Above-Forecast 3% on Consumers and Businesses
November 3, 2017

The U.S. economy expanded at a faster pace than forecast in the third quarter, indicating resilient demand from consumers and businesses even with the hit from hurricanes Harvey and Irma, Commerce Department data showed Friday.

Highlights of Third-Quarter GDP (First Continue reading