Elijah Asdourian

Jul 1, 2024 | brookings.edu | Elijah Asdourian |David Wessel

Tariffs are taxes that countries impose on imported goods when they cross the border. From the founding of the United States until 1914, when the federal income tax was introduced, tariffs were the main source of revenue to the federal government. After World War II, the U.S. joined the General Agreement on Tariffs and Trade (GATT) with 22 other countries, which aimed to promote international trade, and began decreasing tariffs.

Mar 22, 2024 | brookings.edu | Louise Sheiner |David Wessel |Elijah Asdourian

Editor's note: You can download the full conference summary here. The onset of the COVID pandemic was a severe shock to the U.S. economy. Unemployment reached 14.8% in April 2020, the highest since the government began measuring it in 1948, while the labor force participation rate dropped to 60.1%, the lowest since the 1970s. By 2022, the labor market had rebounded, but inflation was growing at the fastest pace since the mid-1980s.

Oct 12, 2023 | brookings.edu | David Wessel |Elijah Asdourian

Four times a year, the members of the Federal Open Market Committee (FOMC)—the interest-rate-setting body comprised of Federal Reserve governors in Washington and presidents of the 12 regional Fed banks—share their individual forecasts for economic growth, unemployment, and inflation. Fed watchers scrutinize and often second-guess these forecasts.

Jul 13, 2023 | brookings.edu | Elijah Asdourian |Sam Boocker |Moraa Ogendi |Louise Sheiner

Elijah Asdourian, Elijah Asdourian Research Assistant - Economic Studies, The Hutchins Center on Fiscal and Monetary Policy Sam Boocker, Sam Boocker Research Analyst - Economic Studies, The Hutchins Center on Fiscal and Monetary Policy Moraa Ogendi, Moraa Ogendi Research Intern - Economic Studies, The Hutchins Center on Fiscal and Monetary Policy Louise Sheiner Louise Sheiner The Robert S. Kerr Senior Fellow - Economic Studies, Policy Director - The Hutchins Center on Fiscal and Monetary...

Jun 29, 2023 | brookings.edu | Elijah Asdourian |Louise Sheiner |Lorae Stojanovic |Sam Boocker

Elijah Asdourian, Elijah Asdourian Research Assistant - Economic Studies, The Hutchins Center on Fiscal and Monetary Policy Sam Boocker, Sam Boocker Research Analyst - Economic Studies, The Hutchins Center on Fiscal and Monetary Policy Louise Sheiner, Louise Sheiner The Robert S. Kerr Senior Fellow - Economic Studies, Policy Director - The Hutchins Center on Fiscal and Monetary Policy @lsheiner Lorae Stojanovic Lorae Stojanovic Research Assistant - Economic Studies, The Hutchins Center on...