Peter Morici

Dollar is strong because America is strong

Populists love to rail against globalization for destroying American jobs in once-thriving manufacturing communities. And the strong dollar is a convenient vehicle for former President Donald Trump to animate this frustration.

August 27, 2024

Trump’s populism is not unique, won’t deliver enduring prosperity

The nation's elites have failed ordinary Americans with high inflation and stagnant incomes.

August 20, 2024

College still pays, but most universities need a good housecleaning

America's universities -- and employers offering the best opportunities to graduates -- need a reality check.

August 13, 2024

FTC banning noncompete agreements boosts employees, economic growth

Nothing brings out business caterwauling like a sweeping new government regulation. The party-line Federal Trade Commission vote to ban most no-compete agreements in employment was no exception.

August 6, 2024

Biden to leave next president with budget, security headaches

President Biden's legacy is mixed. Only a handful of his predecessors could boast his range of legislative accomplishments, but he will leave the nation in perilous condition.

July 30, 2024

Federal Reserve shouldn’t rush to cut interest rates

Inflation has improved lately, and investors are optimistic that the Federal Reserve will soon lower interest rates. Whether that's prudent comes down to three questions.

July 23, 2024

Investors fear Trump presidency will boost inflation, interest rates

President Biden's disastrous performance debating former President Donald Trump last month set off panic among Democrats to rescue his candidacy or replace him.

July 16, 2024

Billionaires rushing to support Trump may be disappointed

Billionaires are flocking to support former President Donald Trump's campaign. Perhaps they believe the benefits of lower taxes and less aggressive regulation outweigh his behavioral transgressions.

July 9, 2024

With election in sight, U.S. economy faces bumpy landing

The economy will dodge a recession, but it won't be a soft landing -- a steady growth path with inflation at about 2%.

July 2, 2024

Americans pay a price for Federal Reserve’s procrastination

Investors, homebuyers and others needing credit hang to news about inflation and employment, looking for cues about when the Federal Reserve will start lowering interest rates.

June 25, 2024

Federal Reserve may have to abandon its 2% inflation target

Federal Reserve Chairman Jerome Powell has Fed policymakers and America's decision-makers --businesses that set prices and households who choose among goods to purchase and investment options -- focused on how much longer interest rates must be kept elevated to achieve 2% inflation.

June 18, 2024

Biden’s free spending risks dollar’s global status

The United States prints the world's gold, and that bestows a huge privilege.

June 11, 2024

Trump and Biden should debate taxes, new Cold War and immigration

Former President Donald Trump's legal woes, President Biden's age and their colorful campaign rhetoric can easily distract voters from the nation's tough challenges.

June 4, 2024

The skunk at Fed Chairman Powell’s tea party

News that inflation eased in April inspired euphoria in securities markets.

May 28, 2024

We need Biden’s tariffs on Chinese EVs and free trade with our friends

China is winning the race to dominate the electric vehicle industry.

May 21, 2024

American exceptionalism on full display in financial markets … or is it?

The U.S. economy has confounded forecasters' dour predictions, but not the optimism of financial markets.

May 14, 2024

Fixing American foreign and trade policies to support innovative economy

America's foreign policy is broken. Across major theaters, U.S. policy is burdened by deficits between ends and means.

May 7, 2024

Without higher taxes and tariffs, dollar could cease to be world’s reserve currency

Whoever captures the White House, the federal government faces daunting fiscal challenges and tough "guns and butter" trade-offs.

April 30, 2024

Fed should let interest rates rise to support healthy growth

Federal Reserve policymakers have been obsessed with when they may safely lower interest rates to avoid a recession without impeding the path to 2% inflation.

April 23, 2024

Americans should be more optimistic about our economy

Americans are down on the economy and believe the country is headed in the wrong direction. Yet the metrics of economic health are good, and our friends and rivals in Europe and Asia face more troubling prospects.

April 16, 2024