European Central Bank (ECB) President Mario Draghi is discovering that exiting quantitative easing is harder than introducing it. The more the euro rises, the more downward pressure it puts on inflation, making it harder for the central bank to taper its bond-buying program, which in turn boosts the euro. It’s a vicious circle, driven largely by the improved economic outlook ...

The absurdist political theater surrounding the US government debt ceiling is having another revival. With debt default looming next month, President Donald Trump has agreed to a deal that will grant emergency relief for Hurricane Harvey and raise the ceiling — until December, when another phony fiscal crisis is scheduled. Given the impressive dysfunction of Congress, compounded these days by ...

The recently held Brexit talks between the UK and the European Union didn’t go well. The March 2019 deadline for concluding an agreement is approaching, and progress has been much too slow. Prime Minister Theresa May needs to get a grip on this process. Britain’s government faces two crucial obstacles. It’s in May’s power to break through both. The first ...