Insight & Thought Leadership on the Global Economy

One of our most insightful economists examines the extraordinary actions the Federal Reserve, the Treasury, and other authorities took to cope with the economic catastrophe that followed the financial crash of 2008. (Paying the Price) A readable, balanced account of what they did, why they did it, and how well it worked out—so far. — Alice M. Rivlin, the Brookings Institution, former Director of OMB and Vice Chair of the Fed

U.S. Macro Outlook: Curb Your Enthusiasm

The U.S. economy is holding up well despite mounting fiscal headwinds, at least so far. Real GDP growth in the first quarter is tracking close to 2%, about average since the recovery began nearly four years ago. Consumers seem unfazed by the tax increases that took effect this year, and although the government’s spending cuts hurt, they have yet to significantly undermine growth.

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