The sharp rebound in productivity this year, after falling outright in 2016, is positive news for the economy and suggests that real wages will pick up more rapidly soon. But with employment growth...

The House GOP tax bill released earlier today suggests that Republicans are edging towards their goal of passing tax reform this year. The proposals would add $1.5trn to the deficit over ten years, as...

Some are born great, some achieve greatness and some have greatness thrust upon them. Jerome Powell belongs in the third category. President Donald Trump’s nomination of Powell to be the next Fed...

The Fed issued a very similar statement at the conclusion of the latest FOMC meeting today, which included an upgrade to its assessment of economic growth. On balance, this is a marginally more...