Nicolás Cachanosky

  Federal Reserve Governor Christopher Waller recently offered his perspective on the Fed’s balance sheet, which still stands at over $6.6 trillion. According to Waller, the issue facing the central bank is not the size of the Fed’s balance sheet but the structure of its assets — especially their duration. It’s a compelling case, and it deserves a […]

  Federal Reserve Vice Chair for Supervision Michelle Bowman offered a pointed observation last week: some of the most consequential shifts in financial policy are not the product of deliberate votes or formal rule changes. Instead, they emerge quietly, when regulations written for one set of conditions become more and more binding as the conditions […]

  In recent years, the debate over reindustrialization in the United States has centered on the promise of reviving domestic manufacturing through protectionist measures – most notably tariffs on imported goods. Proponents argue that such policies will bring jobs back by shielding American producers from foreign competition. This approach would also address the demands coming […]

  The last few weeks have shown a classic of the Argentine economy: the need (or urgency) for an agreement with the IMF to avoid an exchange rate crisis and (in theory) eliminate exchange restrictions. There is talk of a $20 billion loan. Argentina continues to ask international markets for an expensive financial respirator. What […]

  In 2018, during his first term in office, Donald Trump implemented the “America First” agenda, introducing new tariffs on various imports. These tariffs hit solar panels and washing machines with rates of 30-50 percent, while steel was taxed at 25 percent and aluminum at 10 percent. The tariffs extended beyond China, affecting imports from […]