The Federal Reserve is independent of the White House, but lower rates could improve the president’s standing among voters.
Category: United States Economy
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Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says
The International Monetary Fund upgraded its growth forecasts and offered a more optimistic outlook for the world economy.
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Why Cut Rates in an Economy This Strong? A Big Question Confronts the Fed.
The central bank is widely expected to lower interest rates this year. But with growth and consumer spending chugging along, explaining it may take some work.
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Dick Bove, Famed Banking Analyst Now Retired, Says Dollar is ‘Finished’
Dick Bove, the ubiquitous banking expert, is going out swinging after more than half a century in the business.
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Economists Predicted a Recession. So Far They’ve Been Wrong.
A widely predicted recession never showed up. Now, economists are assessing what the unexpected resilience tells us about the future.
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PCE, a Key Inflation Measure, Cooled in December
Inflation has been slowing swiftly, and fresh data showed that a core price gauge fell below 3 percent for the first time in years last month.
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Yellen Hits Trump Over Handling Of Economy
The Treasury Secretary acknowledged that consumer prices, which have weighed on economic sentiment, continue to be too high.
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New Home Sales Continue to Grow
As owners remain reluctant to put their properties on the market, developers are rushing to build new homes to meet demand.
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U.S. Economy Grew at 3.3% Rate in Latest Quarter
The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
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‘We’re All Climate Economists Now’
With climate change affecting everything from household finances to electric grids, the profession is increasingly focused on how society can mitigate carbon emissions and cope with their impact.
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Brainard Pitches Biden’s Economic Efforts In Hard-Hit Regions
Lael Brainard, the National Economic Council director, contends the administration deserves credit for recent gains in areas battered by past job losses.
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Americans’ Economic Confidence Is Returning. Will Biden Benefit?
The White House is embracing a nascent uptick in economic sentiment. It is likely good news — but how it will map to votes is complicated.