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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Republicans Say Spending Is Fueling Inflation. The Fed Chair Disagrees.
The New York Times – Business: -
Will the Fed Keep Tightening as Banks Fail?
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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.
The New York Times – Business: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.
The New York Times – Business:Polls show voters liked direct payments from President Biden’s 2021 economic rescue bill. But they have become fodder for Republican inflation attacks.