interest rates

IMF Says 2018 Economic Outlook is Rosy, But Austerity is Still Good

April 19, 2018

The IMF just released a positive World Economic Outlook report for 2018. Still, in order to make sure that the outlook remains good, the IMF makes recommendation that would lead to recession, says CEPR’s Mark Weisbrot

UK Interest Rate ​Hike​ Ignores Equitable Policy Options

November 4, 2017

In order to slow inflation, the Bank of England is raising interest rates for the first time in a decade–but this move ignores policy options that could potentially ease high levels of inequality in the UK, explains Positive Money’s Ed Smythe

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

Dean Baker: Interest Rate Hike Will Hurt Jobs Growth

June 23, 2017

The Federal Reserve’s interest rate hike will slow jobs growth, but is probably being done to please Wall Street, says CEPR’s Dean Baker

UK Labor Party Departing from Austerity to Strengthen Economy

January 6, 2016

Economists for Rational Economic Policy: John Weeks, Ozlem Onaran and Jeremy Smith say Labor Party leader Jeremy Corbyn and Chancellor John McDonnell can break with previous neo-liberal economic policies and pursue an agenda that is focused on productive employment

Education

July 14, 2014
Glen Ford: With a 50% graduation rate and heavily indebted students, the government needs to establish a federal agency to regulate this newest Wall Street-connected scam

Argentina & The Emerging Market Crisis

February 28, 2014
James Henry: Facing a surging public deficit, Argentina has devalued its currency in response to the Fed’s tapering of quantitative easing and China’s slowed purchasing of imports

Yellen’s Tapering of Quantitative Easing Disruptive at Home and Abroad

February 14, 2014

Janet Yellen’s first congressional testimony affirms that the Fed will continue to implement policies harmful to emerging markets, and will not address structural causes of inequality in the US

Tapering of Quantitative Easing Is Throwing Emerging Markets into Chaos – And Big Banks Are Getting Richer

February 4, 2014

Despite no real economic recovery, the Fed is winding down quantitative easing, throwing developing countries’ economies into chaos