Americans with low incomes are pulling back from buying even as their richer counterparts keep spending — with potentially big consequences.
Rushing in to confront a crisis is always better than letting it simply unfold.
After more than a decade of worrying about low inflation, the European Central Bank is trying to tackle the problem of high inflation across the eurozone’s economies.
Inflation is expected to remain high later this year even as the economy slows and layoffs rise. Already, signs of financial stress are surfacing.
Along with everything else, the pandemic was a huge missed opportunity.
Inflation is upending voter confidence and posing a glaring political liability that looms over the Biden administration’s major policy decisions.
Economists and politicians are debating whether monopolistic companies are fueling inflation in ways that confound longstanding theory.
The administration says federal spending trends are helping rein in price increases, but the economic calculus may be more complicated.
The Florida governor, like many other Republicans, needs to get his story straight.
Tax reductions and rebates that are being proposed to help people cope could have the unintended effect of pushing prices higher.
Federal Reserve officials took a while to recognize that inflation was lasting. The question is whether they can tame it gently now.
Inflation is the nation’s primary economic problem. The Federal Reserve still needs to move cautiously as it begins to raise interest rates.
Many cities and counties say that shoring up local public health systems is crucial to recovering from the pandemic and addressing entrenched health disparities.
States pushed back on a plan to take back some of their stimulus money to fund President Biden’s emergency spending request. Now Congress is trying to find other ways to offset the cost.
As communities across the United States receive pandemic relief money, fierce debates have erupted over priorities, and who has the power to set them.
President Biden had pledged to name a chief prosecutor to go after “criminals who stole billions in relief money.”
The F.B.I. is investigating what it called a “massive fraud scheme” in the Minneapolis area as the government cracks down on misuse of pandemic assistance.
In announcing the company’s $90 billion profit in 2021, Warren Buffett noted the role that Berkshire plays in the American economy.
Lawsuits from white farmers have blocked $4 billion of pandemic aid that was allocated to Black farmers in the American Rescue Plan.
In a landmark decision, the European Court of Justice cleared the way for the bloc to cut billions in aid on the grounds that members are eroding rule-of-law checks and balances.
Modern Monetary Theory, the buzziest economic idea in decades, got a pandemic tryout of sorts. Now inflation is testing its limits.
Only about a quarter of the funding went to jobs that would have been lost, new research found. A big chunk lined bosses’ pockets.
Jerome H. Powell, the Fed chair, said the central bank could raise rates imminently as officials cut back help for the economy.
The Federal Reserve is still buying bonds as prices surge. Some praise the central bank’s continuing policy pivot; others ask if it was fast enough.
The White House is emphasizing that inflation is worldwide. Economists say that’s true — but stimulus-spurred consumer buying is also to blame.
The agency, which has been hobbled by paperwork backlogs and short staffing, said tax filers should expect a lower level of service this year.
Bitcoin, Tesla, the Suez Canal, the Mars helicopter — people got a lot wrong.
Politicians are placing more blame on greedy companies as prices stay high. But booming consumer demand is enabling firms to charge more.
For once, the government tried overheating the economy. For better and worse, it succeeded.
Readers call for Pentagon accountability for the killing of civilians. Also: Julian Assange; Republican hypocrisy; two-family homes.
Federal Reserve officials suggested as many as three interest rate increases in 2022 as the economy heals and inflation persists.
Republican governors who criticized the $1.9 trillion Covid relief bill as wasteful are championing state projects funded by the money.
Even as the government expanded aid programs, many people faced barriers to using them. That problem is now being addressed with apps and streamlined websites.
The number of jobs added was below expectations, but otherwise the report shows an economy on the right track.
The president of the New York Federal Reserve said Omicron could prolong supply and demand mismatches, causing some inflation pressures to last.
The Federal Reserve could pull back economic support faster as inflation lasts, and its chair signaled that for now the Omicron variant is a “risk.”
From broadband to transportation to high-tech medical manufacturing, benefits from America’s pandemic money infusion will linger.
Voters may pummel Democrats next year but future generations will be grateful.
The federal Homeowner Assistance Fund aims to help those still struggling as forbearance periods come to an end. But the assistance isn’t limited to mortgage payments.
A focus on the challenges of the Great Recession has fueled some of the challenges of this crisis.
The coronavirus and supply chain issues stymied growth in the third quarter, but high vaccination rates and low numbers of virus cases point to a recovery.
The second-most populous country is enjoying some of the world’s strongest stock market returns. Pro-growth policies and gnawing questions about China have helped.
Speaker Nancy Pelosi sent the chairwoman of the caucus, Representative Joyce Beatty of Ohio, to announce a key deal, understanding that the lawmaker had more influence at that point than she did.
He said high inflation was mostly a result of pandemic effects like supply network disruptions, a problem he thinks the Fed can’t fix.
The Federal Reserve is expected to announce plans at 2 p.m. Wednesday to slow its bond buying while leaving interest rates near zero. But the focus is on what comes next.
The Federal Reserve is expected to announce a plan to taper off its bond buying. With inflation surging, economists’ eyes are already turning to rates.
The pandemic has prompted a dawning realization that we are way too obsessed with our jobs.
Why is that?
He said he knew how to get things moving. But we’re stalled.
President Biden had an ambitious agenda to remake the economy. But under the duress of negotiations and Senate rules, he has shelved a series of proposals, some of them indefinitely.