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How Will Interest Rate Increases Impact Inflation?

The Federal Reserve is expected to announce its fourth interest rate increase of 2022 on Wednesday as it races to tamp down rapid inflation. The moves have a lot of […]




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Fed Chair Jerome Powell Faces Reappointment Amid Tumult

As Jerome H. Powell’s term as the chair of the Federal Reserve nears its expiration, President Biden’s decision over whether to keep him in the job has grown more complicated […]




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Elizabeth Warren Asks the Fed to Break Up Wells Fargo

Senator Elizabeth Warren says Wells Fargo has run out of time to fix the many internal problems that have harmed its customers.In a letter to the Federal Reserve chair, Jerome […]




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Banks Slowly Offer Alternatives to Overdraft Fees, a Bane of Struggling Spenders

“The most egregious practices are largely the same as they have been for nearly 20 years,” said Rebecca Borné, a senior policy counsel at the Center for Responsible Lending, an […]




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ProPublica Report Has Congress Rethinking How to Tax Superrich

WASHINGTON — A jaw-dropping report by ProPublica detailing how America’s richest men avoided paying taxes has intensified interest in Congress, even among some Republicans, in changing the tax code to […]




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C.E.O. Pay Remains Stratospheric, Even at Companies Battered by Pandemic

And, according to security filings, a select few are rapidly accumulating new fortunes. Chad Richison, founder and chief executive of an Oklahoma software company, Paycom, is worth more than $3 […]




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Private Equity Firms Are Piling On Debt to Pay Dividends

Part of her legislative agenda remains holding the private equity industry “accountable for what happens with their target companies,” she said in a statement late last month when asked about […]




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In Building Economic Team, Biden Faces Tug From Left and Center

WASHINGTON — If he wins the presidency, Joseph R. Biden Jr. will inherit an economy struggling to recover from its steepest plunge in decades. His economic team will need to […]