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: Stimulus (Economic)
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Will the Fed Keep Tightening as Banks Fail?
By quietly shedding billions in assets, the Fed is making conditions tighter for banks, home buyers and investors, our columnist says.
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U.S. on Track to Add $19 Trillion in New Debt Over 10 Years
Congressional Budget Office projections released on Wednesday suggested rising interest rates and bipartisan spending bills are adding to deficits, amid a partisan fight on fiscal policy.
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America Set to Hit Its Borrowing Limit Today, Raising Economic Fears
The milestone will not immediately affect markets or growth, but it sets the stage for months of entrenched partisan warfare.
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Why Japan’s Sudden Shift on Bond Purchases Dealt a Global Jolt
The world has relied on ultralow interest rates in Japan. What will happen if they rise?
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Two Fintech Companies Fueled Extensive PPP Loan Fraud, House Report Finds
Executives at Womply and Blueacorn, which facilitated millions of Paycheck Protection Program loans, flouted rules and themselves collected improper loans, investigators said.
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Democrats Spent $2 Trillion to Save the Economy. They Don’t Want to Talk About It.
Polls show voters liked direct payments from President Biden’s 2021 economic rescue bill. But they have become fodder for Republican inflation attacks.
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Democrats Spent $2 Trillion to Save the Economy. They Don’t Want to Talk About It.
Polls show voters liked direct payments from President Biden’s 2021 economic rescue bill. But they have become fodder for Republican inflation attacks.