Fed Chair Jerome Powell's Threat To Raise Rates Inspires Bipartisan Pushback
His hawkish statement at a congressional hearing shows concern over a stronger-than-expected economy.
Source: huffpost.com
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Inflation and corporate profits are testing the limits of American consumers
Many people emerged from the pandemic flush with cash. Now, savings are dwindling, debt and delinquencies are on the rise, and American consumers might have to scale back — assuming corporations let them.
Source: vox.com
Big banks gear up for Fed fight
Wall Street giants are on alert because of Fed Vice Chair for Supervision Michael Barr, President Joe Biden’s pick to serve as the central bank’s pointman on regulation.
Source: politico.com
Biden Set to Hammer House Republicans on the Economy
The president has found a welcome foil in a new conservative House majority and its tax and spending plans, sharpening a potential re-election message.
Source: nytimes.com
How the U.S. Government Amassed $31 Trillion in Debt
Two decades of tax cuts, recession responses and bipartisan spending fueled more borrowing — contributing $25 trillion to the total and setting the stage for another federal showdown.
Source: nytimes.com