As corporate America gears up for first quarter earnings season, the whispers of an impending recession are growing louder. In an effort to soften the blow, it seems some government officials are hoping to change the way economic growth is reported. According to news reports, some Administration officials are considering a change in the way […]Read More
Putting the genie back in the bottle, closing the barn door after the horse has bolted or that ship has sailed. These old clichés have never been more relevant than they are today in the ongoing saga of return-to-office directives. During the height of the Covid-19 pandemic, when businesses were looking for any way to […]Read More
The Artificial Intelligence Action Summit held earlier this month in Paris revealed the truth about AI. It’s not the science fiction-based idea of artificially intelligent robots taking over the world or even the displacement of workers by machines. It is more fundamental than that. With so many billions of dollars invested in the new technology […]Read More
It’s been a hectic start to the new year for artificial intelligence. While the American government announced a massive AI infrastructure investment OpenAI, Oracle and Softbank, a Chinese company, DeepSeek, released a lower-cost artificial intelligence system upending the stock market and forced a recalibration of the AI landscape. But the uncertainty and rapidly changing environment […]Read More
Economic forecasting is an art and a science – at least a social science – but that doesn’t ensure accuracy in the predictions. In fact, according to a recent report from the Federal Reserve Bank of St. Louis, projections about the state of the economy from professional economic forecasters are often far off the mark. […]Read More
It’s no secret economists love generating statistics and plugging them into complex formulas to create models of economic behavior. From gross domestic product reports to inflation measures, consumer spending and unemployment to durable goods orders, practitioners of the dismal science have a range of information at their fingertips. Yet they still often miss the mark […]Read More
For years since its founding in 1913, the Federal Reserve Board operated out of sight from most Americans. The high priests of high finance practiced their green arts in obscurity while most people knew little or nothing of their existence. Fast forward to 2024 and the situation is much different. In the age of 24/7 […]Read More
The Supremes said you can’t hurry love, and it turns out you can’t hurry regulations for artificial intelligence either. At least according to Federal Reserve Board Governor Michelle Bowman. In a recent speech on “Artificial Intelligence and the Financial System,” Bowman offered a slower approach to oversight of AI amid growing calls for governments around […]Read More
Like an over-protective mother that believes no one deserves their child – at least when it comes to romantic happiness – the U.S. economy is never going to be quite good enough for the Federal Reserve Board to provide some economic delight. That was made clear earlier this month when Fed Chairman Jerome Powell held […]Read More
Most talk of an “October surprise” is focused on the U.S. Presidential election, but the International Monetary Fund may have beaten political operatives to the punch. In its October Financial Stability Report, the IMF painted a picture that should send a chill down the spine of consumers, investors and governmental officials with any lingering concerns […]Read More
