Redefining America

Redefining America
After a 20-year run as the world’s hegemonic power, the United States is retrenching. The Trump administration accelerated this process, answering China’s disruptive rise with an economic and military challenge, and using similar confrontational tactics with Iran. Domestically, the U.S. is doubling down on its faith in small government. American bilateralism’s key risk is estranging long-time partners needed to sustain its preeminence.

Reports on Redefining America See all

A chart showing changes in money supply in China, the U.S. and the eurozone from 2010 until the first months of 2020

COVID-19 and the future of central banking

As the coronavirus pandemic freezes large swaths of the economy, the world’s three most important central banks find themselves under tremendous political pressure to flood the markets with easy money again. Their approaches may prove significantly different. 

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