“Now that we need them, there’s no freaking help,” he said.Research from Eliza Forsythe, an economist at the University of Illinois, found that from June until Feb. 17, only 41 […]
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Back to news homeInflation Fear Lurks, Even as Officials Say Not to Worry
While the Biden administration’s ambitious effort to salve the pandemic’s deep economic wounds made its way through Congress, proponents insisted that funneling $1.9 trillion to American households and businesses wouldn’t […]
Investors Are Focused on Treasurys. Here’s What the Fed Could Do.
Longer-term interest rates have jumped in recent weeks, a move that has been broadly interpreted as a sign that investors are betting higher growth and slightly faster inflation may be […]
Why Market Investors Are Now Troubled by Signs of Surging Growth
Investors had no trouble gliding past the death and economic devastation wrought by the pandemic last year to drive the market to record highs. An increasingly healthy economy is what’s […]
Powell Says Better Child Care Policies Might Lift Women in Work Force
Jerome H. Powell, the Federal Reserve chair, suggested on Wednesday that improved child care support policies from the government might help pull more women into the labor market.The Fed chief […]
Powell Focuses on Economic Need at Key Moment in Markets and Politics
The economy is down nearly 10 million jobs since last February, prospects for a rapid recovery — while brighter — remain far from assured, and as Democrats try to move […]
Democrats Push to Borrow More Money as Deficit Is Set to Shrink Slightly in 2021
WASHINGTON — As top Democrats continued to push a $1.9 trillion economic aid package through the House, some lawmakers and aides to President Biden raised the prospect of borrowing even […]
Why Are There So Few Black Economists at the Fed?
But Mr. Gamble left college with a plan. He had discovered his interest in economics partway through university, when he found an old textbook in a public library and read […]
How Full Employment Became Washington’s Creed
As President-elect Joseph R. Biden, Jr. prepares to take office this week, his administration and the Federal Reserve are pointed toward a singular economic goal: Get the job market back […]
Fed Officials Debated Rate Liftoff in 2015, Offering Lessons for Today
The Federal Reserve lifted interest rates from near-zero in 2015 after years of holding them at rock bottom following the 2008 global financial crisis. Transcripts from their policy discussions, released […]