The Economic Theory That Explains Why America...

Over the past month, there have been two dominant stories in American foreign policy. One, of course, is the war with Iran. The other is the much-anticipated summit between President Trump and Xi Jinping of China. And I think if you look closely at both of these stories, you see ...  Show more

President Trump doesn’t seem to care that much about winning the midterms. He’s more unpopular at this point in his second term than basically any of his modern predecessors. Democrats seem poised to retake the House and have a real chance of retaking the Senate. You might expect ...  Show more

The U.S. economy is doing better than many had anticipated. Some 80 percent of jobs lost during the pandemic have been regained, and people are making, and spending, more.

But Americans seem to feel terrible about the financial outlook.

Why the gap between reality ...

The American economy, by many measures, is doing better than it has done in years. But for many Americans, that is not how it feels. Their feelings point to an enduring mystery: Why do Americans feel so bad when the economy is so good?

Jeanna Smialek, who covers the Fede ...

The illusion persists, despite all evidence. Americans are pessimistic about the economic future. They feel worse off than their parent’s generation. Poll after poll shows that at best, only twenty percent of Americans say the economy is doing better than it was a year ago. More ...  Show more

Inflation in the United States has been getting worse. In December, prices were up 7 percent from the previous year — the fastest rise in 40 years. 

Americans feel terrible about the economy, imperiling the Democratic Party’s chances of holding on to power in Washington ...