Category: Economy
Voters pessimistic on economy, inflation as Election Day approaches
Seventy percent of voters believe the country is on the wrong track, the 38th consecutive week that a majority of people have responded that way. And [...]
Fed’s Powell slides into tough cop role
“He’s the head of the world’s largest central bank at a critical time, so he’s the center of the story right now even if he doesn’t want to be,” said [...]
Jay Powell takes on the world
Powell’s actions have caused a flood of money to flee the shores of other countries for safer American investments that offer a much more attractive [...]
Fears of Fed-induced pain grow, from global recession to deflation
Fed Chair Jerome Powell has pledged to do whatever it takes to curb inflation, a point that he’ll punctuate on Wednesday when the central bank raises [...]
U.S. inflation falls for 2nd straight month on lower gas costs
The price of regular unleaded gas is advertised for just under $4 a gallon at a Woodman's, Wednesday, July 20, 2022, in Menomonie Falls, Wis. | Morr [...]
G-7 announces price cap deal on Russian oil in win for Yellen
Yellen said the price cap would prove a powerful tool to fight inflation and deliver “a major blow for Russia’s finances.”
“By committing to finalize [...]
Powell’s warning of ‘pain’ could bring pain on the Fed itself
“Jerome Powell’s rhetoric is dangerous, and a Fed-manufactured recession is not inevitable — it’s a policy choice,” Warren told POLITICO. “Some might [...]
‘We’re in a housing recession’
That’s a big deal because spending on housing accounts for as much as 18 percent of GDP, and the sector typically leads recoveries. So, even as the B [...]
Fed’s Powell vows to battle high inflation to avoid ‘far greater pain’
The Fed’s campaign to curb the highest inflation in four decades runs the risk of triggering a recession in the world’s largest economy. Growth has a [...]
Powell hits Wyoming to redefine Fed’s great inflation debate
Now, as he returns to Jackson Hole in Wyoming, Powell needs to convince markets he means business when he addresses the landmark conference of econom [...]
‘The American people won’: Biden signs Inflation Reduction Act
‘The American people won’: Biden signs Inflation Reduction Act
www.politico.com [...]
‘An investment in our economy’: White House economic adviser touts IRA
‘An investment in our economy’: White House economic adviser touts IRA
www.politico.com [...]
The Fed’s global problem – POLITICO
“There is certainly a fragility that could interact with tighter financial conditions in a way that could trigger a certain amount of stress, even in [...]
Biden enters the Always Be Closing phase of his first term
“There’s just so much at stake here,” said one adviser to senior party leaders, describing how, overnight, a sense of enormity was added to the immed [...]
Amid recession fears, Biden officials emphasize ‘strong’ economic outlook
Amid recession fears, Biden officials emphasize ‘strong’ economic outlook
www.politico.com [...]