Reports on Jerome Powell See all →
COVID-19 and the future of central banking
Europe after the crisis
The COVID-19 pandemic is dealing body blows to the world economy, but it is not the root cause of concerns about Europe’s future. Brussels’ and Frankfurt’s stock responses to the impending crisis – money printing, easy credit and massive public expenditure – only bring Europe closer to socialist-style centralization.
Modern Monetary Theory: The future of money?
Modern Monetary Theory (MMT) has become a popular philosophy among those who would have the government spend more. Traditional economics holds that MMT would lead to inflation, yet its proponents argue that the orthodoxy no longer applies. Though attractive for many across the political spectrum, it stems from some basic ...
GIS Dossier: Monetary policy stood on its head
Unconventional monetary policies saved many financial institutions in the U.S. and Europe after the financial crisis. However, near-zero to negative interest rates and central banks’ massive debt-purchasing programs, which pumped trillions of dollars and euros into economies, failed to restore growth and have had potent, negative and lasting side-effects. Relaxing ...
U.S. economy awaits the next moves by Powell and Trump
U.S. Federal Reserve Chairman Jerome Powell worries that the Trump administration’s trade dispute with China is hamstringing the American economy. President Donald Trump believes a more aggressive monetary policy is necessary. Both men want to burnish their image and consolidate their power. To do so, they may make moves that ...