The Fed Needs to Step Up Its Pace of Rate Increases

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The Fed Needs to Step Up Its Pace of Rate Increases. Martin Feldstein, March 30, 2015, Opinion. "The Federal Reserve now faces the tough task of unwinding the easy-money policy that has helped bring about the current solid economic upturn. But its projected path for increasing the short-term federal-funds rate over the next few years is dangerously slow. Most members of the Federal Open Market Committee want the real interest rate to be negative at the end of 2015 and approximately zero at the end of 2016. Only in 2017 would the real fed-funds rate even exceed 1%..." Link

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Financing trillion-dollar infrastructure projects? Here’s some advice

The Ghost Budget: How U.S. war spending went rogue, wasted billions, and how to fix it

I helped balance the federal budget in the 1990s – here’s just how hard it will be for the GOP to achieve that same rare feat