Powell Says He Can’t Promise a ‘Soft Landing’ and Avoid Recession as Fed Fights...
Powell said supply chain disruptions and geopolitical events could foil Fed’s attempts at engineering “soft landing” for U.S. economy.
White House Extends Pause on Federal Student Loan Repayments
The White House on Friday extended a pause on federal student loan repayments, delaying them until Jan. 31, 2022, according to a statement from...
‘They’re Getting Desperate:’ Bank Group Executive Pushes Back on Psaki’s Characterization of Opponents of...
The White House on Monday claimed that opposition to a proposal to dramatically widen the powers of the IRS is being driven by large banks and...
America’s Shrinking Workforce a Puzzle for Economists
The U.S. economy is suffering from a labor shortage, posing a difficult puzzle for economists and policymakers to solve.
The pandemic has deeply disrupted the labor market, with...
Ex-Walmart CEO Says US Consumers Reaching Breaking Point
Political polarization, inflation, and high interest rates are all working together to undermine consumers and their propensity to spend, he warns.
Treasury Secretary Urges Congress to Raise Debt Ceiling Through ‘Regular Order’
Treasury Secretary Janet Yellen urged Congress on Aug. 9 to raise the debt ceiling through “regular order,” as Senate Democrats get ready to pass...
Financial Markets Brace for Stagflation as Global Growth Optimism Sinks
Waning optimism over global economic growth prospects and rising stagflation fears have prompted investors to seek shelter in investment hedges.
Earlier this month, the Bank of America’s...
Steve Cortes Covers New PPI and CPI Scores
Steve Cortes talks about what he calls “something that actually matters to the lives of citizens of America” — namely the value of the...
Hollywood Writers Strike Is Over After Nearly 5 Months as New Deal Reached
The Hollywood writers strike was declared over on Sept. 26 after board members of the Writers Guild of America (WGA) approved a new contract with studios.
Billionaire Supermarket Owner Warns: Food Prices Will Go Up ‘Tremendously’
The owner of a New York City supermarket chain predicted the food prices will increase sharply in the coming months, with some increasing 10 percent in...
