One of Washington’s permanent parlor games is how much credit or blame a president deserves for the state of the economy. Inevitably, then, the question being asked now is whether Donald Trump or Barack Obama created today’s strong economy. The correct answer is: neither. To the extent that personal responsibility can be assigned, the worthy recipient is Janet Yellen. In ...

Mario Draghi had better enjoy his winter break. Entering the home stretch of his eight-year term, the European Central Bank (ECB) president unveiled a big jump in the growth forecast and told reporters he’s increasingly confident in the outlook. His demeanor seemed almost relaxed, winding down for the year. It won’t last. The relatively upbeat outlook foreshadows a watershed moment ...

Well, here are some things you don’t see every day. A few headlines in Brazil are aligning to show Latin America’s largest economy a path back towards confidence — and, just possibly, to restore some of the world’s confidence in democracy. The first unusual circumstance is that Brazil’s central bank governor will almost certainly have to write a letter to ...