Articles by Neil Irwin
Driving the news: Retail sales fell 0.6% in July, the weakest performance in more than a year and well below the 0.1% gain analysts expected.
Excluding gas stations and auto dealers, there w⦠[+202...
Some analysts saw it as evidence of a lack of commitment to quashing inflation. To Warsh allies, it was a brief bump in the road toward a more credible Fed.Warsh is trying to rewire β¦ [+5472 chars]
The U.S. participation in the yen intervention may have been an effort to enable the Japanese to smooth gyrations in their currency without creating more market pressure for Treasury bonds.
Warsh's policy direction should become clearer once he speaks more publicly and as incoming data sheds light on how quickly the inflationary pressures unleashed by the Iran war will recede.
Alan Greenspan, who as the worlds most powerful central banker maneuvered the United States through two decades of stunning prosperity, but whose decisions contributed to the near-collapse of the ecoοΏ½...
He will have to achieve his goals of rewiring how the Fed operates and potentially cutting rates through persuasion, not a writ from the chair's office.That has always been true, but⦠[+3566 chars]
Since the initial outburst in 2021, economists have taken solace that price spikes could be chalked up to one-time factors: pandemic supply chain snarls, excessive stimulus, the Ukraine war, β¦ [+294...
Many of the proposals in "Industrial Policy for the Intelligence Age" are outside the zone of political plausibility right now and some will seem familiar to readers of white papers from left⦠[+297...
With strong economic growth and the AI boom, the stock market has remained robust. The prospect of additional Federal Reserve rate cuts has kept Treasury bond prices stable.But on th⦠[+2718 chars]
Threat level: Beneath buoyant growth in GDP and asset prices are serious worries.
The labor market is looking softer by the month.Elevated inflation is pinching family budgets.
