The nomination of the relatively inexperienced Jerome Powell as Fed Chair comes at arguably a bad time as the FOMC has fewer professional economists and less experience than it has had in decades. The...

The rapid pace of business investment growth so far this year may be unsustainable, but there is little reason to fear anything worse than a modest slowdown any time soon. The near-term prospects for...

In the year since Donald Trump won the Presidential election, events outside of the US have had a bigger impact on the economy, but we doubt that will remain the case. We expect a deficit-financed...

The Fed’s latest Senior Loan Office Survey (SLOS) paints a mixed picture, with banks loosening lending standards on business loans and residential mortgages, but tightening standards on some types of...