Pressed by his Wall Street supporters, President Trump is moving to liberalize the types of investments Americans can make with their individual retirement accounts. Instead of betting their retirement savings on plain vanilla stocks and bonds, account holders would be allowed to move their funds into sexy sectors like private equity, private credit and cryptocurrency […]

I remember when, as a presidential candidate, Donald Trump lambasted Barack Obama for bailing out automakers after the financial crisis, an effort President Obama asked me to lead. The auto industry should have gone bankrupt and “rebuilt itself, through the free enterprise system,” Mr. Trump said then. So I couldn’t help being struck by the casual suggestion […]

A few weeks ago in New York, I was sitting at a dinner organized to discuss American trade when the conversation swiftly turned to China. Well-credentialed experts took opposite stances: Some supported President Trump’s muscular, aggressive positions, while others pushed for a less confrontational, more conventional approach. I am no expert on trade, but I […]