Tag: United States Economy
Inflation Complicates Biden’s Deliberations on Student Loan Forgiveness
WASHINGTON — The soaring cost of food, gasoline and other staples is further complicating a fraught debate among…
Inflation Expected to Remain High Even as Economy Slows and Layoffs Rise
“The hunger of children is not a necessary cost to pay to bring down inflation,” Ms. Ananat, of…
A Recession Would Hurt Democrats. Some Warn It’d Also Hurt Democracy.
Jerome Powell, the chairman of the Federal Reserve, made the understatement of the year on Wednesday when he…
The Fed Raises Interest Rates by 0.75 Percentage Points to Tackle Inflation
The Federal Reserve took its most aggressive step yet to try to tame rapid and persistent inflation, raising…
Fed Set to Lift Rates as ‘Soft-ish Landing’ Becomes a Harder Sell
Federal Reserve officials are meeting this week with one major goal in mind: cooling the economy enough to…
The Dream of the Open Road Collides With the Reality of $5-a-Gallon Gas
Gas prices have risen nearly every day since our trip began on May 12. According to AAA’s tracker,…
McDonald’s Is Reinvented in Russia as the Economy Stumbles On
Yevgeny Shumilkin is going back to work on Sunday. To prepare, he pulled the familiar “M” off what…
Gas Prices in U.S. Hit $5 a Gallon
HOUSTON — Gasoline prices reached a grim milestone on Saturday, as the national average for regular gasoline reached…
Inflation in the United States: What You Need to Know
The government reported on Friday that consumer prices climbed 8.6 percent over the year through May, the fastest…
Biden to Visit Port of Los Angeles, Casting Inflation as a Global Problem
LOS ANGELES — President Biden is set to use the Port of Los Angeles on Friday as a…
White House Struggles to Talk About Inflation, the ‘Problem From Hell’
WASHINGTON — President Biden was at a private meeting discussing student debt forgiveness this year when, as happens…
Yellen Defends Pandemic Spending as Inflation Persists
WASHINGTON — At her confirmation hearing in early 2021, Treasury Secretary Janet L. Yellen told lawmakers that it…