Michael W. Klein is the William L. Clayton Professor of International Economic Affairs at Tufts University, and the co-executive director of the nonpartisan economic publication EconoFact.
Michael’s Recent Stories
Making Sen$e Dec 12Column: Paul Volcker’s legacy, an independent Federal Reserve, is under threat
One of Volcker's legacies is taming the runaway inflation that posed an existential threat to the U.S. economy in the late 1970s. Less discussed is just how important he was to establishing the principle of an independent Federal Reserve.
Making Sen$e Sep 19Why the Fed might not have many tools to fight the next recession
If a recession hits, the Fed might need to lower rates below zero, which could cause other problems in the financial system.
Making Sen$e Sep 06Why the Federal Reserve must remain above political influence
President Donald Trump on Friday again encouraged the Federal Reserve to cut interest rates.
Making Sen$e Feb 16Everything you need to know about family-based migration
Current U.S. immigration law severely limits family-based immigration, one of the policies at the heart of the current immigration debate in the Senate.