"With recent data showing that both inflation and inflation expectations have eased, it would be irresponsible for the US Federal Reserve to create much higher unemployment. Amid so much uncertainty, it should instead pause interest-rate _...Read More_

"The Great Manufacturing Comeback could save us from a bleak future where most Americans remain stuck in crappy service jobs."

"The idea that this recession could be anything but severe is farcical. There is no way we can have a shallow recession.”

>"Widespread lockdowns and mass quarantines in China has had far-reaching consequences for the global economy."

"The economy is giving the Federal Reserve little reason to shift its strategy of raising interest rates to lower inflation. A Friday jobs report showed employment growth exceeding expectations in June despite rising recession fears and _...Read More_

"Michael Spence explains how economies can rein in accelerating price growth without tipping into recession."

>"Anne O. Krueger thinks the Biden administration has completely missed the mark with its response to rising consumer prices."

"Ties to potentially coercive labor practices could prove a problem for an industry that is heavily dependent on China, once a new law barring Xinjiang products goes into effect."

>"Anne O. Krueger thinks the Biden administration has completely missed the mark with its response to rising consumer prices."

>"Analysis: US to examine with fresh urgency easing reliance on China as pandemic disruptions expose _...Read More_

"David Malpass urges policymakers to focus on five areas in order to avert a prolonged period of high inflation and low growth."

>"A rising RRP and QT suggests that investors will lose a record ~1t in cash over 6 months. This is happening just as there is a dash for cash."

>"Jean Pisani-Ferry highlights three reasons for the current policy confusion among governments and _...Read More_

Nice assessment of Washington trade politics that makes gloomy reading for US trading partners and the evolution of economic policy away from pure neoliberal and free market theory. Worth a read.