Peter Morici
Columns by Peter Morici
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
Biden’s free spending risks dollar’s global status
The United States prints the world's gold, and that bestows a huge privilege. Published 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. Published June 4, 2024
The skunk at Fed Chairman Powell’s tea party
News that inflation eased in April inspired euphoria in securities markets. Published 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. Published 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. Published 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. Published 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. Published 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. Published 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. Published April 16, 2024
Minority voters fleeing Democratic Party will instigate radical, populist policies
Minority voters are shifting from the Democratic Party, and a realignment around blue-collar, populist values will have important consequences for economic policy. Published April 9, 2024
Fed Chairman Powell Is too eager to cut interest rates
Federal Reserve policymakers appear poised to cut interest rates three times this year -- and sadly, this could boost inflation and slow longer-term economic growth. Published April 2, 2024
Trump’s China tariffs would be inflationary, but that can be fixed
If reelected, former President Donald Trump promises more radical measures than during his first term, including a 60% tariff on Chinese imports. Published March 26, 2024
Buckle up: Soft landing for the economy is anything but certain
Federal Reserve Chairman Jerome Powell is poised for a soft landing. Recently, he testified that the central bank may soon be able to cut interest rates. Published March 19, 2024
Americans, European allies will long regret failing to confront Russia and Iran
America and its allies will long regret failing to directly confront wanton aggression in Ukraine and the Middle East. The economic costs will be real and substantial. Published March 12, 2024
Trouble at New York Community Bank spells more bank failures, bailouts
When Silicon Valley Bank failed last year, cries went out for tougher bank regulations and bigger capital requirements to back up loans. Published March 5, 2024
Federal Reserve chief Powell should go fly-fishing and leave interest rates alone
Economic news has been good lately. Gross domestic product grew 3.3% in the fourth quarter, and inflation has come down. Published February 27, 2024
