“I do not want the U.S. to turn into an inward-looking country,” he told me, “We can work together in order to maintain and pass on a free, peaceful and prosperous international world to the next generations. I want to say to the United States, ‘Please be more confident in order to do so because […]

But he also cautioned NATO members that “protectionism against allies does not protect our security”. France has spearheaded calls for Europe to build up its own defence industry instead of spending on weapons from the United States or Britain. Trump has also threatened to impose sweeping tariffs on goods coming into the United States.

“I see a big depreciation in the value of that debt through a combination of artificial low real rates, so you won’t be compensated,” he said. The US has accumulated debt totaling $35.3 trillion, which Dalio called “enormous.” “The challenge of the Federal Reserve is to keep interest rates high enough that they’re good for […]

“… Today’s rate cut still felt a little bit like a sip of champagne, with the Fed savoring a “so far, so good” moment. The soft landing that we all hoped for – where inflation falls back to 2% without triggering a recession – is on the horizon.”

“If inflation is not quite back at 2 percent, [and] if fiscal policy at the same time is stepping on the accelerator, that certainly complicates the Fed’s job,” said Torsten Slok, chief economist for Apollo Global Management.

“The likelihood that Trump, if he wins, will politicize the Fed looms large in the minds of those who analyze such things. It’s one reason economists surveyed by The Wall Street Journal in July said that inflation would be higher under a second Trump term than under Biden, a conclusion that presumably would carry over […]

The Heritage Foundation said in a statement at the time of Dans’ resignation that it would end Project 2025’s policy-related work, but that its “collective efforts to build a personnel apparatus for policymakers of all levels — federal, state, and local — will continue.”

Having politicians involved is a fool’s game,” Summers said on Bloomberg Television’s Wall Street Week with David Westin Friday. “You end up with higher inflation and a weaker economy.”

YouGov/The Economist found that 47 percent thought Trump at least somewhat supports the plan, similar to the 45 percent who said it “accurately describes what Trump stands for” in a mid-July survey by Navigator Research, a progressive-aligned polling outfit. Recent Navigator surveys also compared attitudes toward the project in late June versus mid-July, and they […]

“Project 2025 wants to dismantle workers’ rights to organize via unions and proposes that employees instead be provided a less powerful alternative called “employee involvement organizations.” Unions play a vital role in empowering workers and ensuring that employees are treated and paid equitably— limiting their power or getting rid of unions altogether would ultimately harm […]