Fed Considers Decreasing Bond Purchases as Economy Grows

Federal Reserve officials are meeting in Washington this week, monetary policy is still urgent even as the economy picks up and inflation picks up. Economists expect the central bank’s post-meeting announcement Wednesday at 2:00 p.m. to not change policy, but investors will eagerly watch a subsequent press conference with Fed chair Jerome H. Powell for …

Democrats Push A Budget To Realize Biden’s Aggressive Economy

WASHINGTON – $3.5 trillion budget draft What Democrats announced in the Senate this week promises to reshape the role of government in the economy in ways President Biden and his party deem necessary to rebuild the American middle class, lift people out of poverty and tackle the threat of climate change. A series of formidable …

Inflation: What Today’s U.S. Economy Has in Common with the 1960s

“It gave me a sense of deja vu, because that’s what we did in the ’70s – we were trying to get supply side effects,” said Barry P. Bosworth, a senior fellow at the Brookings Institution. Wage and Price Stability under President Jimmy Carter. He said efforts have failed to contain overall inflation. “It’s not …

Biden Insists He Can Do More With Less In The Economy

President Biden and his team have entered the “do more with less” phase of their economic agenda, dictated by the political realities of a closely divided Congress. American Business Plan It included $330 billion of new spending, which Mr. Biden announced in March. management promised It would replace every lead-drinking pipe in America, connect every …