President-elect Joseph R. Biden Jr.’s first economic test is coming months before Inauguration Day, as a slowing recovery and accelerating coronavirus infections give new urgency to talks on government aid […]
United States Economy
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Back to news homeEconomic Risks Are High as Chances for Quick Stimulus Narrow
WASHINGTON — Two of the world’s most powerful central bankers said on Thursday that economic risks from the coronavirus remain high, and they cautioned against putting too much faith in […]
Unemployment Benefit Cutoff Looms for Millions at Year’s End
Two critical unemployment programs are set to expire at the end of the year, potentially leaving millions of Americans vulnerable to eviction and hunger and threatening to short-circuit an economic […]
Lael Brainard’s Steady Rise Could Culminate in Treasury Secretary Post
WASHINGTON — When the Federal Reserve voted to “tailor” post-crisis financial regulations for all but the largest banks in October 2019, Gov. Lael Brainard cast the lone “no” vote. At […]
While the Pandemic Wrecked Some Businesses, Others Did Fine. Even Great.
The pandemic has turbocharged profits at some big businesses, like Amazon, which reported a 70 percent increase in earnings in the first nine months of the year. But it has […]
Why the Biden Economy Could Be the Same Long Slog as the Obama Economy
ImagePresident Obama meeting with congressional leaders and Vice President Joe Biden in the White House in January 2015.Credit…Stephen Crowley/The New York Times The way things are shaping up, the Biden […]
Jobs Report Shows Gains but Vulnerability to New Coronavirus Surge
The American economy continues to heal from the devastating effects of the first wave of the coronavirus pandemic last spring, but a new wave of cases threatens prospects for sustained […]
Fed Holds Rates Steady and Signals Continued Wariness
WASHINGTON — The Federal Reserve chair, Jerome H. Powell, said on Thursday that the labor market’s recovery was only halfway complete and that more government support would likely be needed […]
Federal Reserve Meets Amid Major Uncertainties
WASHINGTON — The Federal Reserve is meeting on the heels of an undecided presidential election and just before the October jobs report, which analysts expect to paint a complicated picture […]
How the Wealthy World Has Failed Poor Countries During the Pandemic
LONDON — Like much of the developing world, Pakistan was alarmingly short of doctors and medical facilities long before anyone had heard of Covid-19. Then the pandemic overwhelmed hospitals, forcing […]