Danny Quah is Li Ka Shing Professor of Economics at the Lee Kuan Yew School of Public Policy at the National University of Singapore. He is the author of The Global Economy's Shifting Centre of Gravity.
M.G. Quibria, a former senior adviser at the Asian Development Bank Institute, is Professor of International Development at Morgan State University and Distinguished Fellow at the Policy Research Institute, Bangladesh.
By now, it is passé to warn that the US Federal Reserve is “behind the curve” in fighting inflation. In fact, the Fed is so far behind that it can’t even see the curve and may have to slam on the policy brakes to regain control before it is too late.
warns that America's monetary policymakers are so far behind the inflation curve that they can't even see it.
In the year since a mob of former President Donald Trump's supporters ransacked the US Capitol, America's political divisions have only grown deeper. Democrats and Republicans alike must recognize that without measures to shore up democracy at home, the country's international standing and security will continue to erode.
warn that the erosion of American democracy will continue to undermine all other policy objectives.