The Latest Breaking News from Alan Greenspan

Explore the concept of exuberance in the global economy and its implications for Powell's leadership as Federal Reserve Chair.

The dollar index has gone to sleep in a 103 to 104 trading range. After trading below the 100 level in July and above 107 in October, the index has not moved much as stability returned to the dollar against the other reserve currencies. Meanwhile, given the geopolitical landscape, the…

Historian Nelson Lichtenstein’s new book details the price we have paid for free trade, deregulation and failed health care reform.

A crisis of global systemic relevance would require a confluence of factors, write BCG's Philipp Carlsson-Szlezak and Paul Swartz.

The U.S. central bank has taken the highest inflation in four decades seriously, increasing the short-term Fed Funds Rate by 500 basis points from March 2022 through May 2023. The Fed has also tightened credit for further maturities via quantitative tightening. While the consensus over the past year supported rate…

A responsible political class would significantly reform the organization. Instead, they will likely continue to give it more power.

Financial deregulation led to the crash in 2008 and it could again in 2023. It’s time to make banking boring again

Details buried in the consumer price index could hint at what’s in store for the U.S. economy.

In an unusual moment for the US economy, analysts look for hidden signals of consumers’ worries

Hopes for a Fed pivot are premature, as Jay Powell has not succeeded yet in anchoring inflation expectations.

"So you really had a housing bubble, you had housing prices going up [at] very unsustainable levels and overheating," says Fed Chair Jerome Powell.