A BOOMING ECONOMY, A WATCHFUL FED, A NERVOUS BOND MARKET, A SOARING DEFICIT, A FRACTIOUS WORLD

Federal Reserve Board chairman Jay Powell spoke at the Economic Club of New York last week and sought to prove that he met the standard laid out by John Maynard Keynes more than 90 years ago. The great man wrote, “If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.” Presse…