Federal Reserve Chairman Jerome Powell recently announced that the Fed is abandoning “inflation targeting” where the Fed aims to maintain a price inflation rate of up to two percent.
A few weeks ago, President Donald Trump proposed a payroll tax holiday to Americans earning less than $100,000 per year. The gesture is better described as a deferral of the payroll tax burden until April 2021, and that has some people worried. They should be.
One big roadblock to finally leaving Iraq alone is President Trump’s de facto Secretary of War, Mike Pompeo.
While flawed arguments for more government spending and more debt are reemerging, some economists offer a blueprint for us to regain control of our spiraling debt in a way that will boost short- and long-term economic growth.