Economic Trends: The Low-Inflation World May Be Sticking Around Longer Than Expected

It will take more than a U.S. presidential election, a few months of solid global growth and a recovery in oil prices to fix it.

Economic View: The Economy May Be Stuck in a Near-Zero World

April 7, 2017 Economic View By JUSTIN WOLFERS When the Federal Reserve lowered interest rates to close to zero during the financial crisis, it was an extraordinary move. The central bank had hit the limits of conventional monetary policy, leaving the recovery to...

Monetary Policy: Yellen’s Message: My Work Here Is (Mostly) Done

Monetary Policy By NEIL IRWIN March 15, 2017 The economy will keep growing just enough to put more Americans back to work, but without overheating to generate excessive inflation. American workers will see gradual pay raises that keep compensation rising...

Economic View: What the President Could Learn From Professional Economists

March 10, 2017 Economic View By N. GREGORY MANKIW Michael T. Flynn, who briefly served as national security adviser, gave President Trump at least one piece of excellent advice. According to The Huffington Post, it was 3 a.m. when Mr. Flynn got a call from the...