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Stephen Moore, Trump’s new nominee for the Federal Reserve Board, has some wacky ideas, but is correct about the need to keep interest rates low, says CEPR’s Mark Weisbrot Subscribe…
They call it Loan Shark Prevention, which would allow post offices to act as banks for poor working people, but credit companies claim it will hurt the poor Subscribe to…
Trump accuses China of currency manipulation because their currency devalued in the wake of his tariffs. However, as Bill Black explains, this accusation has no basis in fact. Instead, Trump’s…
After causing almost every recession of the past several decades, the Federal Reserve is lowering interest rates before a recession takes hold. This represents an important shift in the Fed’s…
Although the connection between the stock market and the general economy is not as close as it used to be, we are overdue for a recession and so the recent…