Tag: economy

Federal Reserve Chairman Jerome Powell says that the pace of improvement in the economy has moderated in recent months with future prospects remaining “extraordinarily uncertain.”

President-elect Joe Biden will inherit a vulnerable economic recovery under threat from a resurgent virus, likely with a divided Congress that will hinder his ability to address the challenges. Yet despite the obstacles, the former vice president and senator will pursue a drastic shift in America's economic policy.

Since the COVID-19 quarantine began, the Historic Hemet Theatre has postponed a total of 17 concerts, including the entire Season Two of their popular Tribute Mania Concert Series. But behind the scene at Hemet’s performing arts center, progress is still moving forward with big plans for the future.

While the COVID-19 crisis continues to be top of mind for many Americans, it’s important to remember that other disasters can still occur with little or no warning, making it vital to prepare.

There’s a widespread belief that the exorbitant quantity of money the Federal Reserve is pouring into the U.S. economy must eventually mean the return of high inflation. After all, if there’s lots more money but no more stuff to buy, prices must rise, mustn’t they? So the prospect of Judy Shelton – known for her support of the gold standard – joining the Fed’s Board of Governors is raising the hopes of those who want the Fed to be stripped of its money creation powers.