Viewpoints: August 2020

Failure to reach a compromise on a broad federal stimulus plan creates a big "hole" in consumer’s cash flow. The "hole" is so big it raises the risk of substantial reduction, if not a recession, in consumer spending in the coming [...]

With negotiations over new federal stimulus deadlocked, President Trump signed four executive measures that circumvent Congress's constitutional authority to tax and spend. Chaos in governing has been a trademark of the Trump [...]

In the movie Jurassic Park, there is a scene in which a jeep carrying the movies' 'stars' is fleeing a T-Rex. As the driver looks in the rearview mirror, you see plainly the warning that 'objects are closer than they appear.' [...]

Back when I was employed at the Chicago Fed, some of us from the economic research department and the legal department would gather in the cafeteria for afternoon coffee (not to mention morning coffee and lunch). I remember one [...]