Peter Morici, professor at the Robert H. Smith School of Business at the University of Maryland, is a recognized expert on economic policy and international economics. Previously he served as director of the Office of Economics at the U.S. International Trade Commission. He is the author of 18 books and monographs and has published widely in leading public policy and business journals including the Harvard Business Review and Foreign Policy. Morici has lectured and offered executive programs at more than 100 institutions including Columbia University, the Harvard Business School and Oxford University.
Hillary Clinton wants Americans to believe the economy does better with a Democratic president than a Republican in the White House—that is simply false.
The Fed should raise interest rates because inflationary pressures are greater than most policymakers admit and the economy is nearing full employment.
The recently slower pace of jobs creation likely takes an interest rate hike off the table when Fed policymakers meet in October but a move is still in play for December.
U.S. Labor Department is expected to report the economy added 203,000 jobs in September, which should further support Fed plans to raise interest rates soon.