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Jerome Powell Ends His Career as Fed Chair

Article Dean Baker’s Beat the Press

Jerome Powell Ends His Career as Fed Chair

Jerome Powell’s time as Fed chair is defined by a strong commitment to full employment, delivering low unemployment and rising wages while guiding inflation down with minimal economic damage.

By Dean Baker

Chairman Powell presents the Monetary Policy Report to the Senate Committee on Banking, Housing, and Urban Affairs.
Will Gravity Pull Down the AI Bubble?

Article Dean Baker’s Beat the Press

Will Gravity Pull Down the AI Bubble?

The current AI boom shows striking similarities to the dot-com bubble, raising doubts that today’s sky-high valuations can be sustained in the face of competition and uncertain profits.

By Dean Baker

Hands holding a tablet displaying a financial stock chart with colorful candlesticks. Monitors in the background suggest a trading environment.
US Sanctions and the Sharp Rise in Infant Mortality in Cuba

Report

US Sanctions and the Sharp Rise in Infant Mortality in Cuba

Cuba’s infant mortality rate has risen by 148 percent since 2018, indicating a severe deterioration in population’s overall health. The unparalleled hardening of US sanctions during the first Trump administration, largely maintained under the Biden administration and further expanded in a second Trump term, including a devastating fuel blockade, is the primary cause of the current economic and humanitarian crisis—widely considered the worst in the island’s contemporary history.

Nurses care for newborns in a Cuban hospital maternity ward. (Photo by robert wallis/Corbis via Getty Images)
Trump’s Ignorance Could Kill Millions

Article Dean Baker’s Beat the Press

Trump’s Ignorance Could Kill Millions

Trump’s apparent disregard for the predictable consequences of striking Iran could drive energy shocks, food crises, and widespread suffering that put millions at risk worldwide.

By Dean Baker

Donald Trump giving a thumbs up in front of an American flag being projected on a large screen.
Bad Vibes and the Trump Betrayal

Article Dean Baker’s Beat the Press

Bad Vibes and the Trump Betrayal

Consumer pessimism may stem less from economic fundamentals than from polarization and Trump supporters feeling betrayed by unmet promises.

By Dean Baker