Peter Morici

Trump’s tariffs are hardly novel but will make everyone worse off

President Trump's tariffs and protectionism are hardly new among presidents.

April 8, 2025

Federal Reserve faces Trump pressure amid inflation concerns

These are perilous times for the Federal Reserve.

April 1, 2025

A recession could leave Americans humming ‘Oh, Canada’

President Donald Trump's convincing victory and mandate ignited optimism for more stock market gains, continued economic growth, and higher inflation.

March 25, 2025

Runaway federal deficits threaten the dollar’s global status much more than the BRICS

President Trump has threatened punitive tariffs on BRIC nations for exploring alternatives to the dollar for international payments.

March 18, 2025

Six economic Black Swans that could trigger a recession under Trump

Recession risks are emerging as consumers grow pessimistic, and the COVID-19 recovery is increasingly driven by the wealthiest 10% of households by their stock market gains.

March 11, 2025

Reciprocal tariffs would be Trump’s undoing

President Trump's radical shifts in economic policies will leave America isolated and ignite the kind of inflation that undermined the credibility of the Biden-Harris administration.

March 4, 2025

Fixing America’s broken health care system

The assassination of UnitedHealthcare CEO Brian Thompson triggered a disturbing avalanche of sympathy for the suspected murderer, often laced with sarcasm about health insurance systems.

February 25, 2025

Trump’s policies undercut the Fed’s fight with inflation

The Federal Reserve is holding the federal funds rate steady while looking for signs that inflation is moving closer to 2% but the bond market is betting President Trump will undercut its efforts.

February 18, 2025

Why Trump’s protectionism is so appealing but won’t make us rich

President Donald Trump is reimaging U.S. foreign and international economic policies, and Americans won't be richer.

February 11, 2025

Economic realities of Trump’s trade war with China

The world has changed since President Trump was first elected in 2016.

February 4, 2025

Federal Reserve policymakers talk too much

The Federal Reserve has a tough job, and its communications strategy isn't helping.

January 28, 2025

How AI could grow U.S. out of federal debt problems

The Biden economy finished with a remarkable sprint.

January 21, 2025

Federal Reserve policy review should embrace a hard ceiling for inflation

The Federal Reserve will soon begin its quinquennial review of the monetary policy strategy, tools and communications employed to fulfill its congressional mandate.

January 14, 2025

Trump should impose China tariffs, prioritize renewing tax cuts and immigration reform

Practical constraints require that a new administration implement programs that complement but do not necessarily replicate its campaign promises.

January 7, 2025

For economy to succeed, Trump must control his extreme impulses

President-elect Donald Trump has a mandate to implement populist policies, but like President Biden, he is inclined to extreme solutions, which jeopardizes his chances for success.

December 31, 2024

U.S. needs a saner approach to immigration

Americans have been appalled by thousands of illegal immigrants exacerbating homelessness and straining shelters, schools and social services budgets.

December 24, 2024

Trump needs Asian-focused trade strategy to combat China

Many blame tariffs imposed by President-elect Donald Trump for the rise of protectionism, but the global trading system was dysfunctional long before MAGA hats.

December 17, 2024

Federal Reserve shouldn’t lower interest rates much more

Next week, Federal Reserve policymakers are expected to reduce interest rates by a quarter-point.

December 10, 2024

Trump returns with opportunity to supercharge U.S. economy

President-elect Donald Trump returns with an extraordinary opportunity in American economic history. He has a clear mandate to move the country in a conservative direction and the opportunity to accelerate growth.

December 3, 2024

A trade policy for Trump 2.0

Leaders in China and other trading partners are bracing for President-elect Donald Trump's threatened 60% tariff on Chinese imports and 10% or 20% across-the-board tariffs.

November 26, 2024