By The Editorial Board The editorial board is a group of opinion journalists whose views are informed by expertise, research, debate and certain longstanding values. It is separate from the newsroom. When the federal government started sending monthly checks to
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With his reappointment on the line, Elizabeth Warren calls Jerome Powell ‘a dangerous man.’
Senator Elizabeth Warren, Democrat of Massachusetts, blasted the Federal Reserve chair, Jerome H. Powell, for his financial regulation track record and said that she would not support him if the White House renominated him, calling him a “dangerous man to
The Week in Business: A Debt Deadline Looms
The Fed indicated it was planning to slow down its purchases of government bonds as soon as November. And food delivery workers in New York gained protections. By Sarah Kessler What’s Up? (Sept. 19-25) Planning to Pull Back The Federal
The U.S. could run out of cash to pay its bills as early as Oct. 15, analysts say.
The federal government could run out of cash and start missing payments on things as diverse as Social Security and military pay sometime between Oct. 15 and Nov. 4, according to a new analysis from the Bipartisan Policy Center. That
Inflation rose again in July, the Fed’s preferred measure of prices shows.
Inflation in the United States rose sharply again in July, the Federal Reserve’s preferred measure of prices showed, a pandemic-related jump that’s expected to fade but will keep pressure on policymakers until it does. The Personal Consumption Expenditures index, the
The Week in Business: Turning Up the Heat on Tesla
What’s Up? (Aug. 15-21) Tesla Under Investigation The country’s top auto-safety agency announced the broadest investigation yet into Tesla’s assisted-driving technology, which it calls Autopilot, prompted by at least 11 accidents in which Teslas crashed into parked emergency vehicles. The
Fed sees two rate hikes by end of 2023, inches towards taper
NEW YORK (BLOOMBERG) – Federal Reserve officials signaled that the pace of the US economic recovery from the pandemic is bringing forward their expectations for how quickly they will reduce policy support. Chairman Jerome Powell told a press conference on
Here is where inflation stands as the Federal Reserve meets.
By Jeanna Smialek The Federal Reserve will release its June policy decision and newest economic projections at 2 p.m. on Wednesday, and investors will be scrutinizing its announcements for clues on whether the central bank’s thinking about inflation might be
Opinion | Republicans Are Still Waging War on Workers
By Paul Krugman Opinion Columnist Has the Republican Party, which has championed the interests of big business and sought to keep wages low since the late 19th century, suddenly become populist? Some of its rising stars would have you believe
Why Biden’s Plan to Raise Taxes for Rich Investors Isn’t Hurting Stocks
Investors have largely shrugged off President Biden’s proposal to raise taxes on investment income for wealthy Americans, as the stock market hovers near record highs after news of a strong economic rebound and blockbuster earnings reports from technology giants such