Tag: economy
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Biden bets strong job market will shield economy from slump
The U.S. economy faces plenty of threats: War in Ukraine, high grocery bills, spiking gasoline prices, splintered supply chains, the lingering pandemic and rising interest rates that slow growth.
Fed signals more aggressive steps to fight inflation
Federal Reserve officials are signaling that they will take an aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy.
White House to extend student loan pause through August
The Biden administration plans to freeze federal student loan payments through Aug. 31, extending a moratorium that has allowed millions of Americans to postpone payments during the coronavirus pandemic, according to an administration official familiar with the White House’s decision-making.
Biden cites economic gains, but voters see much more to do
Seven months before he faces a critical test from voters in the midterm elections, President Joe Biden is turning his focus to kitchen-table issues as he struggles to get credit for a recovering economy.
Fed begins inflation fight with key rate hike, more to come
The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year.
