"Universal tariffs are a highly inefficient and distortionary way to raise revenue," said Warwick McKibbin, a nonresident ...

UNDATED (WKRC) - The Federal Reserve has decided to keep interest rates unchanged, citing economic uncertainty as a key factor in its decision. Federal Reserve Chair Jerome Powell emphasized the ...

Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its ...

China’s central bank has cut a key interest rate as U.S. tariffs threaten the economy. People’s Bank of China Governor Pan Gongsheng announced Wednesday that the lending rate to commercial ...

05:04, Sun, May 4, 2025 Russia is on course for a "painful economic squeeze" with energy bills set to soar 40% by 2028, stubbornly high inflation and real wages stagnating, a Ukrainian former ...

President Donald Trump is downplaying concerns about a potential recession after the U.S. economy saw its first drop in GDP in years, as he emphasized a transition period and long-term goals ...

Francis’s views stood in stark contrast to the neoclassical assumptions that have long dominated economic policymaking. Neoclassical economics treats individuals as isolated utility maximisers, ...

thereby revealing the broader economic implications of health policy design. Methods: This paper develops a neoclassical economic growth model that incorporates dynamic basic medical insurance and ...

Trump blamed his Democratic predecessor, Joe Biden, for the poor showing. US President Donald Trump said on Wednesday that Americans should be patient in the face of a first-quarter economic ...

NEW YORK — A discouraging report suggesting the US economy may have shrunk at the start of the year, before most of President Donald Trump’s announced tariffs could take effect, is knocking US ...

The US risks being thrown into recession by Donald Trump’s trade war as official figures showed the economy shrank during the first three months of the year. America’s first contraction in ...

President Donald Trump delivered remarks on “Investing in America” Wednesday following the release of a worrisome economic report from the Department of Commerce saying the U.S. economy shrank ...