federal reserve

Why is Argentina Entering into a New Economic Crisis?

September 5, 2018

CEPR co-director Mark Weisbrot lays out the roots of Argentina’s latest economic crisis, which have to do with the government’s massive foreign borrowing spree, deepening austerity measures, and rising Federal Reserve interest rates

The Fed Is Driving Down Oil Prices

June 19, 2018

By Nick Cunningham / Oilprice. The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world. The U.S. Federal Reserve announced another rate hike a few days ago, which helped edge…

Should Banks Be Stripped Of Their Ability To Create Money? A Referendum in Switzerland

June 6, 2018
A three part series with economist Jo Michell commenting on initiatives to strip banks of their ability to create money as a Swiss National Referendum on a proposal to do so stirs international debate on this topic of relevance to all modern capitalist societies June 2018

The Rise and Fall of the Stock Market: What to Expect

February 8, 2018

Economist Dean Baker says that after such a sharp run-up in stock prices, “it really shouldn’t be a surprise to anyone that you’re going to see some downturn in the market”

Trump Dumps First Woman Fed Chair For Investment Banker

January 1, 2018

It’s a shame to see Janet Yellen, who did an “outstanding job” as chair of the Federal Reserve, get fired in favor of an investment banker who doesn’t have a background in economics, says Dean Baker, co-director at CEPR

Potential Fed Chair Kevin Warsh: A ‘Classic Trump Pick’

October 13, 2017

President Trump’s consideration of Kevin Warsh to replace Janet Yellen as chair of the Federal Reserve would be a typical Trump appointment: a wealthy, well-connected investment lawyer with a terrible track record, says economist Dean Baker

Economy

July 15, 2017
During her testimony to Congress, Federal Reserve Chair Janet Yellen dodged a question about whether she would accept a second term in office–but it’s unlikely that President Trump will re-appoint her, says Gerald Epstein, co-director of Political Economy Research Institute