The biggest challenge for the next Fed chair

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2017-10-06 09:02:43

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}A daily digest of opinions and analysis How Would the Next Fed Chair Deal with a Recession?As reports circulate about who Donald Trump will nominate as the next head of the Federal Reserve (Narayana Kocherlakota has his money on Governor Jerome Powell, by the way), Daniel Moss argues that whoever gets the position should start thinking about the next downturn. Rates can't be cut much lower. So how else could the central bank respond? As the U.S. Sinks as a Free-Trade Leader, Japan RisesJapan was once so protectionist that it tried to ban foreign-made skis, claiming its snow was different from other countries'. Things have certainly changed since then. Noah Smith explains why Japan is now pursuing America's traditional free-trade agenda, even as the U.S. itself turns inward.Puerto Rico's Economic Disaster Was Made in WashingtonA tax break for U.S. corporations was meant to help the island. It may have done the opposite. Justin Fox examines the fateful 1996 decision that seems to have created a tipping point for the Puerto Rican economy. What Humans Can Learn From Insomniac Fruit FliesNobel-winning research into circadian clocks offers a reminder that living things are fantastic machines. Faye Flam examines how the mechanisms that keep us sleeping on schedule also connect us to the astronomical world.Before it's here, it's on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can't find anywhere else. Learn more.Ritholtz's ReadsFord needs less McKinsey and more Mustang (Bloomberg Businessweek)The unequal burden of rising temperatures: How can low-income countries cope? (IMF)Ivanka and Donald Trump Jr. were close to being charged with felony fraud. Then Dad’s fixer stepped in (ProPublica)(Read Barry Ritholtz's full daily news roundup here.) Bloomberg GadflyNetflix smartens up about moneyAmazon hasn't conquered the world — yetHow pension funds are nickle and diming Australia(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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