Tag: Government

Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest-rate policies with inflation accelerating and unemployment falling faster than expected.

President Joe Biden signed an executive order Monday aimed at rebuilding the public’s trust in government by making it easier to do things like renew passports, apply for Social Security benefits and get aid after natural disasters.

The top U.S. military officer called the 20-year war in Afghanistan a “strategic failure” and acknowledged to Congress that he had favored keeping several thousand troops in the country to prevent a collapse of the U.S.-supported Kabul government and a rapid takeover by the Taliban.

Pressure mounting, President Joe Biden and Democrats in Congress strained Tuesday to trim back his potentially historic $3.5 trillion government overhaul to win support from two key holdout senators ahead of make-or-break deadlines for votes.

The Federal Reserve signaled Wednesday that it may start raising its benchmark interest rate sometime next year, earlier than it envisioned three months ago and a sign that it's concerned that high inflation pressures may persist.