Latest Kenneth Rogoff News

A trader uses a hand sanitizer dispenser on the floor of the New York Stock Exchange, Thursday, March 12, 2020. The deepening coronavirus crisis is sending stocks into another alarming slide on Wall Street, triggering a brief, automatic shutdown in trading for the second time this week. (AP Photo/Richard Drew)

Trump economic team grasps for credibility with outbreak

Mar. 12, 2020 10:57 PM EDT

WASHINGTON (AP) — During the financial crisis a decade ago, President Barack Obama could look around the room and turn to an economist who served as Harvard's president, a former president of the New York Federal Reserve and a renowned academic considered one of the world's authorities on the Great...

Yvette Arrington, with the New York Stock Exchange Trading Floor Operations, works on the floor of the NYSE, Monday, March 9, 2020. Stocks went into a steep slide Monday on Wall Street as coronavirus fears and a crash in oil prices spread alarm through the market, triggering the first automatic trading halt in over two decades. (AP Photo/Richard Drew)

Corporate debt loads a rising risk as virus hits economy

Mar. 11, 2020 4:40 PM EDT

WASHINGTON (AP) — A gyrating stock market is seizing headlines as the coronavirus threatens corporate profits and economic growth. Yet it's in the normally temperate bond market, where companies go to borrow money, where the gravest dangers may lurk. Investors fear that businesses that have borrowed...

Treasury Secretary Steven Mnuchin listens and President Donald Trump arrives to speak with reporters after meeting with Republican lawmakers on Capitol Hill, Tuesday, March 10, 2020, in Washington. (AP Photo/Evan Vucci)

Economic remedies abound in crisis, but can they deliver?

Mar. 10, 2020 6:52 PM EDT

WASHINGTON (AP) — The government has a palette of options it can use to shore up an economy imperiled by anxiety over the coronavirus outbreak. They start with the “middle-class” payroll tax cut that President Donald Trump is suggesting and include quicker, more targeted federal aid as well....