Jerome H. Powell has said that snarled supply chains, an oil shock following Russia’s invasion of Ukraine and shifts among American consumers are primarily behind rapid price growth.
Category: House of Representatives
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Republicans Say Spending Is Fueling Inflation. The Fed Chair Disagrees.
The New York Times – Business: -
Double-Barreled Economic Threat Puts Congress on Edge
The New York Times – Business:Republicans and Democrats disagree over how recent bank closures should impact the debt limit stalemate, and have taken divergent lessons from past economic crises.
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JPMorgan Is Turning On Jes Staley, Ex-Star, Over Jeffrey Epstein
The New York Times – Business:The banking giant has sued Jes Staley over what it said were failures to alert the company to all he knew about Jeffrey Epstein.
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Biden Will Release Dead-on-Arrival Budget, Picking Fight With GOP
The New York Times – Business:The president’s plans have little in common with the budget Republicans are set to release this spring, as the nation hurtles toward a possible default on its debt.
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Debt Default Would Cripple U.S. Economy, New Analysis Warns
The New York Times – Business:As President Biden prepares to release his latest budget proposal, a top economist will warn lawmakers that Republicans’ refusal to raise the nation’s borrowing cap could put millions out of work.
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Lawmakers Propose Legislation to Tighten Rail Safety Regulations
The New York Times – Business:The train that derailed in Ohio was exempt from some federal safety requirements because it was not carrying enough hazardous material to be considered “high hazard.” Lawmakers want to lower the threshold.