New Normal or No Normal? How Economists Got It Wrong for 3 Years.
Economists spent 2021 expecting inflation to prove “transitory.” They spent much of 2022 underestimating its staying power. And they spent
Read moreEconomists spent 2021 expecting inflation to prove “transitory.” They spent much of 2022 underestimating its staying power. And they spent
Read moreThe recession was supposed to have begun by now. Last year, as policymakers relentlessly raised interest rates to combat the
Read moreInflation is beginning to abate meaningfully for American consumers. Gas is cheaper, eggs cost roughly half as much as they
Read moreWASHINGTON — Nearly every living economist who led the White House Council of Economic Advisers in a Republican administration —
Read moreMany economists and investors had a clear narrative coming into 2023: The Federal Reserve had spent months pushing borrowing costs
Read moreProposed tax and spending cuts by the G.O.P., which is making a push to take back Congress, are unlikely to
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