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Peter Morici

Peter Morici is an economist and business professor at the University of Maryland, and a national columnist. He can be reached at pmorici@umd.edu.

Columns by Peter Morici

Trump’s 2026 economy

President Trump and Chinese ruler Xi Jinping have set into motion a fundamental reordering of international commerce.

January 13, 2026

Market confidence depends on a Fed immune to Trump’s pressure

President Trump may be able to appoint a loyalist to chair the Federal Reserve Board of Governors, but that hardly guarantees he will get lower interest rates that boost the economy.

January 6, 2026

New Year’s resolutions for Washington policymakers

President Trump is the most activist president since Franklin D. Roosevelt.

December 30, 2025

Stocks offer refuge in an age of inflation, deficits and policy drift

The Federal Reserve had few good choices when deciding to cut interest rates yet again.

December 23, 2025

AI spending frenzy tests the limits of stock market discipline

Stock market gains are fueling wealthy consumers, investments in artificial intelligence and economic growth.

December 16, 2025

Trump’s affordability crisis

Last month, Democrats won races for governor in Virginia and New Jersey and mayor in New York City by hammering "affordability."

December 9, 2025

Federal Reserve should not lower interest rates

After cutting interest rates in September and October, the Federal Reserve should pause rate cuts at its December meeting.

December 2, 2025

Prosperity without workers: The AI paradox shaping Trump’s economy

The economy is growing, but jobs are harder to find.

November 25, 2025

Trump’s trade reset exposes Europe’s hypocrisy on free markets

President Trump is redefining the bargain between America and its allies by radically altering post-World War II Western security arrangements.

November 18, 2025

AI may be killing jobs; will it pay off?

The U.S. employment market is the doldrums.

November 11, 2025

University leaders are foolish to reject Trump’s compact

University leaders are foolish to reject President Trump's offer of a dialogue about improving performance, campus environments and confidence among the public at large.

November 4, 2025

America’s white-collar recession

The U.S. economy is in a tougher spot than when President Trump returned in January.

October 28, 2025

Washington’s debt addiction leaves Federal Reserve with no good choices

Congress established the Federal Reserve to manage our money with near-parental authority, and it's high time for the institution to exercise that authority.

October 21, 2025

Judging Trump’s economy: Let voters decide in 2026 midterm elections

President Trump and congressional Democrats are sending similar messages about the economy.

October 14, 2025

Trump’s economy teeters between revival and recession

President Trump faces an economy on tenterhooks, with both inflation and unemployment worsening.

October 7, 2025

$100,000 for a H-1B visa might be more reasonable than you think

President Trump is radically altering the nation's employment-based immigration system by imposing a $100,000 fee for H-1B visas and creating a $1 million "Trump Gold Card" for other visas.

September 30, 2025