Peter Morici

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. Published 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. Published 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. Published 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. Published September 3, 2024

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. Published 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. Published 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. Published 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. Published 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. Published 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. Published 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. Published 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. Published 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%. Published 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. Published 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. Published June 18, 2024