In his speech about Afghanistan, President Donald Trump admitted that he once opposed the very strategy he was proposing. “My original instinct was to pull out,” he said. “I like following my instincts.” Credit where it is due: These may be the five truest words Trump has ever spoken. Harder to credit is his explanation for why he changed his …

As usual, Donald Trump was overstating things when he bragged on Twitter that he has made the US nuclear arsenal “far stronger and more powerful than ever before.” The US does have the world’s largest collection of its most dangerous weapons, but the work of modernizing it predates and will outlast his presidency. The Pentagon is in the early stages …

Mario Draghi’s appearance alongside Janet Yellen and Haruhiko Kuroda this week at Jackson Hole, Wyoming, would make a great photo for the history books. It may well be the trio’s last Fed retreat together. The guessing game on Fed leadership has received plenty of attention, and this month I wrote that Kuroda deserves a second term atop of the Bank …