A global economic downturn (2007–2009) that reshaped policy and markets
New studies and reports show fertility rates falling globally, with India and China posting notable declines. Experts warn aging populations and policy responses will shape the coming decades. The US sees infant mortality trends stabilize, while debates on contraception, childcare, and housing costs continue.
Federal Reserve Chair Kevin Warsh has convened five task forces to examine communications, data, the balance sheet, productivity, AI, and inflation frameworks. Leaders include Marc Andreessen, Doug McMillon, Mervyn King, Raj Chetty, and others. The groups will work with Fed staff and report to the FOMC, with changes expected by year-end.
A wave of new surveys shows Americans face higher retirement costs and uncertainty about Social Security solvency. People are saving less than they think they’ll need, inflation and healthcare costs are rising, and many expect to work longer or rely on savings strategies to bridge the gap.
US jobless claims have fallen to a record low, highlighting a tight labor market. Yet NILF (not in labor force) trends show millions leaving the workforce, with experts warning of a broader participation shift. The data suggest ongoing divergence between firing rates and hiring activity, with implications for policy and growth.