, Columnist
Economic Advice for Trump and Powell: First, Do No Harm
The US economy has become more dynamic over the last few years, and the main goal for the president-elect and the chair of the Federal Reserve should be to keep it that way.
Set to work together again.
Photographer: Olivier Douliery/Bloomberg
If US economic growth is so good, then why does the Fed need to cut interest rates?
That was essentially the question put to Federal Reserve Chair Jerome Powell recently after a speech in Dallas. It would be more constructive to examine the premise — why is growth so good? — and ask what the Fed and others can do to keep it that way.