SEARCH: Economic recovery

Fiscal Policy With High Debt and Low Interest Rates

Overview: The U.S. budget trajectory is in uncharted territory. The country faces a structural deficit, accrued the largest increase in debt on record during the current economic recovery, and is expected to surpass its WWII-era debt-to-GDP record of 106 percent within the next 30 years. Gale argues that although historically low interest rates reduce the […]

Taskforce Report: Promoting Economic Recovery After COVID-19

The federal government’s fiscal and monetary responses to the economic crisis caused by the COVID-19 pandemic have been unprecedented. However, we argue that as many of the enacted fiscal measures begin to expire over the next two months, continued policy action will be needed to promote economic recovery. This report puts forward a set of […]

Penny Pritzker

PENNY PRITZKER is an entrepreneur, civic leader, and philanthropist with more than 30 years of experience in numerous industries. Pritzker is the founder and chairman of PSP Partners, a global private investment firm that takes a long-term, fundamental approach to investing in and building market-leading businesses in sectors such as professional services, real estate, technology, […]

Austan D. Goolsbee

AUSTAN D. GOOLSBEE is the Robert P. Gwinn Professor of Economics at the University of Chicago’s Booth School of Business where he has served on the faculty since 1995. Goolsbee previously served in Washington as the chairman of the Council of Economic Advisers and a member of the president’s cabinet and prior to that as […]

Diana Farrell

DIANA FARRELL is the founding president and chief executive officer of the JPMorgan Chase Institute. Previously, Farrell was a senior partner at McKinsey & Company where she was the global head of the McKinsey Center for Government and the McKinsey Global Institute. Diana served in the White House as deputy director of the National Economic […]

James Owens

JAMES W. OWENS served as chairman and chief executive officer of Caterpillar Inc. in Peoria, Illinois from 2004 through June 2010. He was president of Solar Turbines in San Diego from 1990 to 1993 and corporate chief financial officer from 1993 to 1995. In 1995 he became a group president and member of Caterpillar’s executive […]

Roger Ferguson

ROGER W. FERGUSON, JR., is president and chief executive officer of TIAA, the leading provider of retirement services in the academic, research, medical, and cultural fields and a Fortune 100 financial services organization. Ferguson is the former vice chairman of the Board of Governors of the United States Federal Reserve System. He currently serves on […]