Neil Irwin
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🌐 axios.comSource
Highlights from an online conversation responding to Harvard economist Jason Furman's assertions about AI's policy capabilities.
🌐 axios.comSource
Data: Bureau of Labor Statistics; Chart: Courtenay Brown/Axios Data this week has all told the same story: This is a rip-roaring U.S. economy with all the inflationary pressures that might imply. The big picture: It puts Warsh and the Fed in a difficult jam. Top officials have si
🌐 axios.comSource
It was an economy bursting at the seams: robust growth powered by a tech boom, low unemployment, elevated inflation and Fed rate hikes to try to cool things down. The big picture: That was the situation in the year 2000, and it reminds us a great deal of the conditions in 2026.
🌐 axios.comSource
The AI boom is sucking up all the capital. The Federal Reserve is raising rates to try to cool inflation. And one sector is bearing the brunt of the pain from both: housing. The big picture: The situation is lose-lose for both homebuilders and homebuyers. Builders are facing more
🌐 axios.comSource
The Warsh era begins with soaring inflation, a Middle East energy shock bleeding into other parts of the economy and colleagues skeptical that rate cuts should come anytime soon. Add on top: Kevin Warsh faces more political pressure to deliver lower rates than any other Federal
🌐 axios.comSource
For most of this century, rich countries have enjoyed a seemingly free lunch: They could spend money as needed, cut taxes at will and stimulate their way out of problems without paying a price in the form of higher borrowing costs or inflation. The big picture: That era is over.
🌐 axios.comSource
America's dependence on imported manufactured goods looks like a vulnerability in a world of widening geopolitical fractures. Fixing it won't come cheap. The big picture: New research from McKinsey, the global consulting firm, estimates that it would take $2 trillion, or about 6%