The upshot of Mr. Trump's economic policy positions under almost any scenario is that the U.S. economy will be more isolated and diminished.

Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.

The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.

There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments.

Predicting recessions is indeed a dark art, but I think we are several years away from the next one.

The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.

The upshot of Mr. Trump's economic policy positions under almost any scenario is that the U.S. economy will be more isolated and diminished.