Federal Reserve Chair Jerome Powell should be applauded for his decision yesterday to disabuse the markets of the notion that another Fed interest rate cut at the Federal Open Market Committee’s (FOMC) scheduled December meeting was a foregone conclusion. The post Three Cheers for Jerome Powell appeared first on American Enterprise Institute - AEI.| American Enterprise Institute – AEI
The One Big Beautiful Bill Act (OBBBA) reversed the requirement that businesses amortize research and development (R&D) expenses. A recent article describes how the benefits of this reform may be partially clawed back. The Bipartisan Policy Center (BPC) argues that Treasury should step in and prevent this. This would be a mistake. The post The R&D-CAMT Interaction Isn’t a Glitch to Fix appeared first on American Enterprise Institute - AEI.| American Enterprise Institute – AEI