Biden's Big Inflation Problem: Prices Are Now Up Nearly 20% Since He Took Office
Prices as measured by the seasonally adjusted Consumer Price Index (CPI) are now up over 19.4% in the three-plus years since Biden took office.
Prices as measured by the seasonally adjusted Consumer Price Index (CPI) are now up over 19.4% in the three-plus years since Biden took office.
Powell said his confidence that inflation will keep cooling is not as high as when the year started. Patience will be needed before rates are lowered.
The U.S. could see a significant response from China following any U.S. tariff actions, U.S. Treasury Secretary Janet Yellen said on Monday.
Elon Musk appears unlikely to avoid another round of questioning in the US SEC’s investigation of his 2022 Twitter Inc. acquisition.
Fed Chair Jerome Powell has been so eager to take credit for engineering an economic soft landing that he’s now made one much harder to achieve.
Boston Fed president Susan Collins said Wednesday it will take longer "than previously thought" to bring inflation down.
Federal Reserve Chair Jerome Powell gave a backhand compliment to the Biden economy during his latest press conference on May 1.