Massive recession and charges of juggling government accounts to disguise the depth of budget shortfalls during her 2014 re-election, combined to weigh heavily on Brazilian President Dilma Rousseff, who is currently facing imminent impeachment. But she and her supporters argue that this relatively technical accusation regarding the budget is not an impeachable offence. Indeed, the grip is tightening on Rousseff, ...

Narayana Kocherlakota The steady improvement of the U.S. economy has led many to conclude that the Federal Reserve should keep removing stimulus by resuming interest-rate increases this year. I disagree: With inflation pressures low, there’s a lot more the Fed can and should do to get people back to work. To understand my point, consider three charts. The first shows ...

The independence of Hong Kong’s economy, its transparency and its makeup has made it a regional benchmark for market players looking at the broader economic outlook. That was the case in the aftermath of the 1997/98 Asian Financial Crisis and the 2008 Great Recession. As the fallout from last’s year’s Great Fall of China continues, the former British territory is ...