Irwin Stelzer

American policy can best be described as toxic and President Trump has no plan to fix the debt crisis. Time to whine

Defence spending of $1.5 trillion holds sway in the president’s budget and the casualties to balance the books are welfare, DEI, the environment and Nasa

The US and Iran have failed to reach an agreement after peace talks. But we didn’t have to wait for them to finish to guess the outcome.

Investors see an American economy heading for strong growth, but inflation is likely to increase and consumers are stretched and fearful for their jobs

President Trump’s nominee wants low interest rates, fast growth and the embrace — not fear — of new technology

Trump may want his full attention on rate cuts, but the Federal Reserve Board’s new chairman mustn’t lose focus on two potential threats to a robust US economy

The stats say the labour market is in decent health, that poverty is declining and the oil is gushing. Yet Americans don’t feel well off

As Kevin Warsh sets sail between President Trump and the monetary policy committee, he would be wise not to change course

For the first time since the Second World War the US government’s debt exceeds the value of its output of goods and services and deficits are set to rise

Growth is good, retail sales and shares are up, AI investment is pouring in … yet consumer sentiment is at a record low and optimism among bosses has plunged