Peter Morici

Federal Reserve policy review should embrace a hard ceiling for inflation

The Federal Reserve will soon begin its quinquennial review of the monetary policy strategy, tools and communications employed to fulfill its congressional mandate.

January 14, 2025

Trump should impose China tariffs, prioritize renewing tax cuts and immigration reform

Practical constraints require that a new administration implement programs that complement but do not necessarily replicate its campaign promises.

January 7, 2025

For economy to succeed, Trump must control his extreme impulses

President-elect Donald Trump has a mandate to implement populist policies, but like President Biden, he is inclined to extreme solutions, which jeopardizes his chances for success.

December 31, 2024

U.S. needs a saner approach to immigration

Americans have been appalled by thousands of illegal immigrants exacerbating homelessness and straining shelters, schools and social services budgets.

December 24, 2024

Trump needs Asian-focused trade strategy to combat China

Many blame tariffs imposed by President-elect Donald Trump for the rise of protectionism, but the global trading system was dysfunctional long before MAGA hats.

December 17, 2024

Federal Reserve shouldn’t lower interest rates much more

Next week, Federal Reserve policymakers are expected to reduce interest rates by a quarter-point.

December 10, 2024

Trump returns with opportunity to supercharge U.S. economy

President-elect Donald Trump returns with an extraordinary opportunity in American economic history. He has a clear mandate to move the country in a conservative direction and the opportunity to accelerate growth.

December 3, 2024

A trade policy for Trump 2.0

Leaders in China and other trading partners are bracing for President-elect Donald Trump's threatened 60% tariff on Chinese imports and 10% or 20% across-the-board tariffs.

November 26, 2024

Trump’s long to-do list includes increasing border security, extending tax cuts

A full inbox awaits President-elect Donald Trump when he returns to the Oval Office.

November 19, 2024

Steady your nerves, stocks remain a good place to invest

Stocks are reasonably priced and are a good place for ordinary folks' long-term savings.

November 12, 2024

U.S. needs a strong military to defend dollar’s global status, our standard of living

With President Biden's retirement, the curtain falls on the post-Cold War era.

November 5, 2024

Computers will make mischief once they learn to talk, listen and reason

By the end of this decade, AI agents will be able to communicate in conversational English to make decisions, take actions, negotiate on our behalf, achieve goals and, if we allow it, order our lives.

October 30, 2024

Three lessons of COVID shockflation

Federal Reserve policymakers shouldn't lower their guard. Inflation isn't dead.

October 22, 2024

Federal Reserve may not reach its 2% inflation target

The Federal Reserve's decision to cut interest rates moved markets. The next day, major stock indexes surged to record highs.

October 15, 2024

Whether it’s Trump or Harris, Americans will get populist economics

Whether voters choose former President Donald Trump or Vice President Kamala Harris in the November election, the economy will be altered by forces beyond either's control or brand of populism.

October 8, 2024

Fed Chairman Powell is rolling the dice on our economy

Federal Reserve Chairman Jerome Powell has decided the economy needs easy money again and is betting that inflation will soon die.

October 1, 2024

American sovereign wealth fund needs independent management

President Biden and former President Donald Trump don't agree about much. Still, both are intrigued by the idea of a U.S. sovereign wealth fund similar to those of Norway, Saudi Arabia and China.

September 24, 2024

Intel’s woes deliver a gut punch to Biden’s semiconductor policy

President Biden's industrial policies to revitalize domestic manufacturing and meet Chinese competition in Artificial Intelligence recently took a gut punch.

September 17, 2024

How to achieve financial security and a comfortable retirement

Living well, investing in educating yourself, assisting your children and enjoying retirement often seem like competing goals.

September 10, 2024

How to impose Trump’s tariffs on China without harming consumers

President Biden is correct to focus the nation's economic and strategic resources on China as the pacing challenge to our security and prosperity.

September 3, 2024