BRUSSELS — Treasury Secretary Janet L. Yellen urged European nations on Tuesday to step up their spending to support Ukraine as Russia’s attacks on the country’s critical infrastructure showed few […]
United States Economy
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Back to news homeTreasury Secretary Yellen Looks to Get Global Tax Deal Back on Track
“I think the reality of turning a political commitment into binding domestic legislation is a lot more complex,” said Manal Corwin, a Treasury official in the Obama administration who now […]
How Do Higher Interest Rates Bring Down Inflation?
This kind of communication was less common 30 years ago. But a series of Fed chairs — Alan Greenspan, Ben S. Bernanke and Janet L. Yellen — expanded the practice. […]
Where Did People From the Great Resignation Go? Back to Work.
Porsha Sharon, 28, still thinks about the outbursts she witnessed from customers she served last year at Buddy’s Pizza in Troy, Mich. One woman entered the restaurant and simply ordered […]
Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic
Cryptocurrency prices also dropped precipitously. The price of Bitcoin fell as low as $26,000 on Thursday, down 60 percent from its peak in November, before rising somewhat. Since the start […]
Fed Confronts Why It May Have Acted Too Slowly on Inflation
Some Federal Reserve officials have begun to acknowledge that they were too slow to respond to rapid inflation last year, a delay that is forcing them to constrain the economy […]
States Turn to Tax Cuts as Inflation Stays Hot
A new report from the Tax Policy Center, a left-leaning think tank, said total state revenues rose by about 17.6 percent last year. State rainy day funds — money that […]
For Tens of Millions of Americans, the Good Times Are Right Now
“We are very fortunate right now given the situation for many others during the pandemic,” said Mr. McCauley, 36, who works for a data orchestration company. “Somehow we are doing […]
The Stock and Bond Markets Don’t Yet Know How to Cope With the Fed
On Wednesday, the S&P 500 stock index jumped 3 percent, as though all was right with the world. On Thursday, stocks collapsed, with the tech-heavy Nasdaq index plunging 5 percent […]
April Jobs Report: Gain of 428,000 Shows Vibrant Labor Market
The U.S. economic rebound from the pandemic’s devastation held strong in April with another month of solid job growth.Employers added 428,000 jobs, matching the previous month, the Labor Department reported […]