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: Republican Party
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Double-Barreled Economic Threat Puts Congress on Edge
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 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 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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Records Show Fox and G.O.P.’s Shared Quandary: Trump
Fox hosts and executives privately mocked the former president’s election fraud claims, even as the network amplified them in a frantic effort to appease viewers.
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Debt Default Would Cripple U.S. Economy, New Analysis Warns
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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After Ohio Train Derailment, Senators Propose Rail Safety Bill
Weeks after a train carrying hazardous materials derailed outside East Palestine, Ohio, a bipartisan group of lawmakers has proposed that the Transportation Department impose stricter rules.
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The S.E.C. Charges Kraken Over Staking, Worrying Crypto Executives
Cryptocurrency executives worry that charges against Kraken, a popular exchange, over the business known as staking would further chill their industry.