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Michael R Strain is director of economic policy studies at the American Enterprise Institute. is concurrently Professor of Practice at the McCourt School of Public Policy at Georgetown University. He is also a research fellow with the IZA Institute of Labor Economics in Bonn, Germany. He has worked at the Center for Economic Studies at the US Census Bureau and in the macroeconomics research group at the Federal Reserve Bank of New York. He holds a Ph.D in economics from Cornell University.
Michael R Strain is director of economic policy studies at the American Enterprise Institute. is concurrently Professor of Practice at the McCourt School of Public Policy at Georgetown University. He is also a research fellow with the IZA Institute of Labor Economics in Bonn, Germany. He has worked at the Center for Economic Studies at the US Census Bureau and in the macroeconomics research group at the Federal Reserve Bank of New York. He holds a Ph.D in economics from Cornell University.
The Fed's estimate of the neutral rate is wrong. To adequately slow demand, the Fed appears to need the policy rate to be above 4 per cent
Mr Trump's campaign policy agenda had both pluses and minuses. While there were obvious flaws, much of what he wanted to do would have advanced prosperity
The key question is straightforward: When the MAGA wing is in conflict with pro-business conservatives or the tech community, who will win? The answer is uncertain
The Fed has entered the last mile of its fight against inflation. With its credibility at stake, it must not flinch before it reaches the finish line
The Fed must peer through the murk and assess which direction the economy is heading