Big retailers, such as Minnesota-based Target Corp. and Best Buy, would be “hurt badly” by expanding the president’s tariff and trade deal powers, University of Minnesota trade specialist Tim Kehoe predicted. Both companies rely heavily on foreign supply chains, and uncertainty about costs will “kill their planning process.”

The Gottfried Wilhelm Leibniz Prize is the most important research award in Germany.

The Fed has been in control of inflation for years, which is a “remarkable accomplishment,” Christopher Phelan told an editorial writer. In fact, after the stultifying stagflation of the 1970s, “they’ve been doing extremely well” with low and relatively unvarying annual inflation rates, said Phelan.

Heller-Hurwicz Economics Institute hosted the Practical Issues in Public Pension Design Conference on January 22, 2019.