Just want to take a minute to mark a huge moment in DC. The legendary Dan Balz is retiring from full-time work at the The Washington Post after 47 remarkable years. I had the great privilege of sitting next to Dan in the Post newsroom and working with him for years. He is the last of

Some *very* fun The Washington Post news: I’m moving to our White House economics beat! That’s covering taxes, spending, trade & more. I loved my time in Congress and covering the GOP push through the “One Big Beautiful Bill.” Now I get to cover how it will shape the nation.

When people ask me about various internet rumormongering, my first instinct is to ignore it in the same way the TV cameras don't show the streaker running on the field at Yankee Stadium. But for people who really do wonder about whether the Fed chair would do the opposite of

Fully agree. It is time to have a broad alliance between EU, Mexico, Canada and Brazil....retaliate in specific items that hurt US but don't hurt much the alliance. Which goods can we identify?

The BLS's issues with CPI data collection appear to be getting worse. The share of uncollected items subject to "different cell" imputation (meaning they're based on different items or items from different geographies) hit another record last month. (Data goes back to 2019.)

Many Republicans I've been talking to over the past few days have predicted that Trump would do something dramatic to distract from Epstein. This would definitely fall in that category.

Last year was the largest one-year percentage point decline in murder ever recorded. This year is on track to do so again. In fact, nearly every category of crime is down sharply, with many at multi-decade lows or even the lowest per-capita rates ever recorded.

After nearly 7 amazing years at the IMF, I have decided to return to my academic roots. On September 1, 2025, I will rejoin Harvard Department of Economics as the inaugural Gregory and Ania Coffey Professor of Economics. I am truly grateful for my time at @IMFnews, first as Chief Economist and then

Today in a CNBC interview, I called for a review of the Federal Reserve. It is my belief that the central bank should conduct an exhaustive internal review of its non-monetary policy operations. Significant mission creep and institutional growth have taken the Fed into areas that

Goldman: "Market participants seem to agree that the risk to Fed independence is rising, as 5-year 5-year forward inflation swaps have recently decoupled higher from their prior close relationship with the 2-year note yield."

Video of my hour-long conversation with Steve Adler (Former Mayor of Austin, TX), Cavalier Johnson (Mayor of Milwaukee, WI), and Christina Muryn (Mayor of Findlay, OH) -- Hutchins Center The Brookings Institution youtube.com/live/uNwQFNJub…

Based on what I have read and heard so far, the agreement reached between the Federal government and Columbia University is an excellent template for agreements with other institutions including Harvard University. First, academic freedom is preserved as the University maintains academic autonomy.

The Federal Reserve was honored to welcome the President yesterday for a visit to our historic headquarters. We appreciated the opportunity to share progress on the renovation with him and with Senators Tim Scott and Thom Tillis. We are grateful for the President’s encouragement

What I worried about has happened. A completely unequal “deal” between the US and the EU. Have no doubt: asymmetric 15% tariffs are a EU defeat. When the law of the jungle prevails, the weak have little choice than to accept their fate. But Europe could potentially have been

Scooped by Demetri on my first day! Thrilled to join the Financial Times in Washington in this newly created role covering the US relationship with Europe at this pivotal moment. Sources old and new — my signal handle is unchanged and is in my bio.

New from me today: US exporters -- particularly those with significant research expenses and domestic factories -- scored a big win in the tax law. Link below.

🇪🇺The EU Commission explainer was published today, more specific than the White House statement on tariff rates by sector, and not committing much on anything else. Summary👇 ec.europa.eu/commission/pre…

📈 Price pressures are back. Domestic and imported goods prices rose again after the July 7 tariff letters were sent. 🧾 New data through July 26 in our paper "Tracking the Short-Run Price Impact of U.S. Tariffs" (Cavallo, Llamas & Vazquez, 2025) 📊See pricinglab.org/tariff-tracker

How great it would have been if Finnerty just said to him: "You can't bring prices down by more than 100%, because if a price were to fall 100%, the product would be free." What would Trump have said?

Hutchins Fiscal Impact Measure shows local, state, federal fiscal policy shaved 0.2 pct pts off Q2 US GDP growth. We expect the FIM to remain negative throughout most of our forecast period (ends Q2 2007) in part due to tariffs. brookings.edu/articles/hutch… via The Brookings Institution