The president has not wavered in his calls for Republicans to raise the nation’s borrowing limit without condition. Privately, his aides have discussed other paths.
Category: United States Economy
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Powell Bets the Fed Can Slow Inflation Despite Recession Fears
Jerome H. Powell, the Federal Reserve chair, thinks his central bank can defy history to clinch slower inflation and a soft economic landing.
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What to Watch at the Fed’s May Meeting
Federal Reserve officials will release a rate decision at 2 p.m. The key question is what will come next.
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After Pandemic Rebound, U.S. Manufacturing Droops
Factories that roared out of the recession have stalled, hampering the economy, even as a new wave of production looms.
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Markets Sink on Fears About Banks and Weaker Economic Outlook
The relative calm that met the collapse of First Republic Bank on Monday was shattered on Tuesday, with broad-based declines across industries.
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Is the Debt Limit Constitutional? Biden Aides Are Debating It.
As the government heads toward a possible default on its debt as soon as next month, officials are entertaining a legal theory that previous administrations ruled out.
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Job Openings Slipped in March as Labor Market Continued Easing
The ratio of open jobs to available unemployed workers fell to the lowest level since October 2021.
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Fed Will Decide Next Rate Move After Bank Jitters
The Federal Reserve will release a policy decision on Wednesday on the heels of another bank collapse.
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Supreme Court Takes Up Case That Could Curtail Agency Power to Regulate Business
The court’s Republican-appointed majority appears poised to chip away again at the authority of the administrative state to issue rules for the economy.
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The Week in Business: High-Profile Media Ousters
First Republic is struggling. The Fed faults its own oversight of Silicon Valley Bank. The U.S. economy is still growing but at a slower pace. And a jobs report is coming out.
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Wages and Prices Slow Unevenly, Reflecting ‘Rocky and Bumpy’ Economy
Key pay and inflation gauges have stayed stubbornly high as Federal Reserve officials consider when to stop raising interest rates.
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Wages Continue to Grow, Good for Workers but a Worry for the Fed
Wages and salaries for workers rose 5.1 percent from a year earlier, which helps employees keep up with the rising cost of living but complicates the Federal Reserve’s efforts to tamp down inflation.