Why the Inflation Reduction Act is Called What it is
What it will do is boost green-energy funding, provide health care and pharmaceutical subsidies for some Americans and beef up tax collection.
Recent
Kashkari Flips From Fed’s Biggest Pre-Pandemic Dove to Top Hawk
Fed Reserve Bank of Minneapolis President Neel Kashkari, for a long time the US central bank’s biggest dove, is now its biggest hawk.
Wall Street Sees Fed Bond-Runoff End Well Before Powell Timeline
Federal Reserve is penciling in at least another couple of years of running down its bond portfolio of around $8 trillion.
U.S. SEC Proposes New Rules for Clearing Houses
Under the SEC's proposal, registered clearing houses would be required to disclose more details on board composition among other details.
Mohamed El-Erian: 'The Fed Got Itself Into a Cognitive Trap'
El-Erian says the Fed bears responsibility for how high inflation has skyrocketed. Latest numbers showed a jarring spike of 9.1% year-over-year.
Summers Warns of ‘Economic Distress’ as Fed’s Powell Holds Out Hope
Summers and others are skeptical the Fed can cut inflation meaningfully without a jump in unemployment.
Fed's Bullard: We're Going to be Tough to Get Inflation Back to 2%
Fed will also probably have to keep rates "higher for longer" in order to gather enough evidence that inflation is coming down.
