He was the No. 2 at the Federal Reserve and the I.M.F. during periods of economic turmoil, and he mentored future economic leaders, like Ben Bernanke.
Category: Economic Conditions and Trends
-
Japan’s Debt, Now Twice the Size of Its Economy, Forces Hard Choices
Japan’s government faces pressure to curtail debt-fueled spending that some argue has staved off populist waves.
-
Japan Will Spend $6.3 Billion to Shield Its Economy From Trump’s Tariffs
Lawmakers approved a plan to help companies and consumers as officials bargain in Washington for relief from debilitating auto levies.
-
China’s Soft Spot in Trade War With Trump: Risk of Huge Job Loss
A chronic housing slowdown and high youth unemployment rate have made China more vulnerable than it was in President Trump’s first term.
-
Trump’s E.U. Tariff Threat Could Cause Economic Damage Beyond Europe
A 50 percent tax on European imports would hit the continent hard, hurt the U.S. economy and slow growth globally.
-
Trump Scolded Companies for Raising Prices. Do They Have a Choice?
Economists say companies generally have to pass along the cost of tariffs. But populists on the left and right say the president may have a point.
-
Tariff Uncertainty Threatens to Drag Down Europe’s Economic Growth
The European Union scaled back its forecast for growth in 2025 by nearly half a percent, as the jump in tariffs and surrounding chaos bite.
-
There Are Two Chinas, and America Must Understand Both
The technological success that has captured the attention of many in the United States is one aspect of the Chinese economy. There’s another, gloomy one.
-
Tariff Truce With China Demonstrates the Limits of Trump’s Aggression
President Trump’s triple-digit tariffs on Chinese products disrupted global trade — but haven’t appeared to result in major concessions from Beijing.
-
Trade War Shock Is Scrambling China’s Exports
Shipments of goods out of China slumped in April, including a big decline in exports to the United States, as President Trump imposed sky-high tariffs.
-
5 Takeaways From the U.S.-U.K. Trade Agreement
The deal still has to be finalized, but it was hailed as a success by both countries for being the first since President Trump announced broad tariffs in April.
-
U.S. Trade Deal Could Lift UK Economy, but Won’t Transform It
The deal could help some sectors and boost confidence among consumers and businesses, but the British economy faces other challenges.