Large tracts of the Australian continent are ablaze. Beyond the toll in lives and property, the most remarkable thing about this bushfire season is that people can see it, taste it and feel it. While fires have long been a product of the country’s hot, dry climate, they remained a remote idea for most Australians — something you caught for ...

It’s that time of year at the Federal Reserve, when the voting members that comprise the Federal Open Market Committee undergo their annual rotation. Don’t, however, expect to see any changes in policy this year now that the more hawkish central bankers have come to terms with last year’s dovish pivot. For 2020, the Fed anticipates holding policy rates steady ...

As a new decade begins, I see five big questions facing macroeconomists, which I’ve listed in a roughly increasing order of difficulty. Why not make full use of our productive resources? Inflation has been stuck below the Federal Reserve’s target of 2% for much of the past decade. It is expected to remain low for at least another year or ...