US Ends De Minimis Exemption

Jared Bernstein, former Chair of the White House Council of Economic Advisers, highlights the US decision to end the De Minimis exemption for shipments. This change is expected to affect consumer prices significantly.

Emergency Hearing on the Federal Reserve

Bernstein also comments on an emergency hearing scheduled today concerning the Federal Reserve. The outcomes of this hearing may have important implications for the Fed’s independence and economic policy moving forward.