Republican lawmakers have recently created or expanded private-school choice programs to allow nearly all students, regardless of their individual need, access to public funding to attend private schools.
Jamie Klinenberg, Jon Valant, and Nicolas Zerbino examine one such program in Arizona and find that more advantaged communities are securing a highly disproportionate share of the funds, while families in the poorest communities are least likely to obtain funds.
Grading Fed communications. How well do Federal Reserve officials explain their economic views and monetary policy plans? David Wessel and Sam Boocker highlight key takeaways from a recent Hutchins Center survey that asked this and other questions to Fed watchers.
Is China financially decoupling? China’s goods exports in 2023 were near record levels, but accumulation of official foreign exchange reserves was essentially zero. Robin Brooks explains what may be driving this unusual combination.
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