The United States may not have laid the foundation for sustained expansion, with real per-capita output still 2.2 percent below its 2006 level. The chance that the economy slips into another recession within a year is about four in ten.

According to the most recent data from the Reuters/University of Michigan Survey of Consumers, consumer confidence is near a fifty-year low. Record rates of foreclosure, declining home values, and rising commodity prices are all driving a negative attitude about the economy. While these conditions cause concern in the United States,...

Declining inflation, veering into outright price declines (or deflation) in some countries, continues to be a major risk to the global economy.

As the Federal Reserve continues to take steps to boost the economy and navigate through an uncertain economic future, Allan H. Meltzer's acclaimed history of the Federal Reserve uses the past to provide lessons for today’s policymakers and scholars.

The finance minister of Ireland announced a plan to ransom the hostage economy. Others should follow suit.

The US economy continues to disappoint and performs more poorly than original forecasts that were made by the more optimistic economists, who also tended to be supporters of the idea that our economy needs a big Keynesian stimulus. Sadly, this does not come as a surprise to many.

Federal Reserve officials have effectively rewritten the rules on the role of a central bank in a market economy.