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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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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Records Show Fox and G.O.P.’s Shared Quandary: Trump
The New York Times – Business: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
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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After Ohio Train Derailment, Senators Propose Rail Safety Bill
The New York Times – Business: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
The New York Times – Business:Cryptocurrency executives worry that charges against Kraken, a popular exchange, over the business known as staking would further chill their industry.