Orginally published in the New York Times. The Federal Reserve’s powerful Open Market Committee will conclude a regular two-day meeting early Wednesday afternoon with an announcement on its next move on interest rates. The direction is surely upward; the only question is by how much. Until Monday afternoon, Fed leaders were signaling a half-percentage point increase. But following an […]
Orginally published in the New York Times. The debate over whether the recent surge in inflation is transitory or permanent has been settled. Now the question is whether the Federal Reserve can tame increasing inflationary turbulence and bring the economy to a soft touchdown. Mounting evidence suggests a hard landing — in other words, a recession. We […]
Originally published in the New York Times. While the extraordinarily strict sanctions imposed on Russia constitute an admirable policy response to its appalling invasion of Ukraine, we should not be complacent about the potential boomerang effect on the global economy. The shunning of Russian petroleum has already caused oil prices to jump. Prices of corn […]
“[a] surprisingly modest account…Rattner has a journalistic talent for the telling detail, resulting in a memorable tale of life in the middle of the economic meltdown...Rattner deftly draws portraits of the inhabitants of "the Oval" and the West Wing...Rattner has proved himself a gifted chronicler.”
-Time Magazine
