John Carney

The looming strike by the United Auto Workers is as much a protest against Bidenomics as it is the policies of General Motors, Ford Motor Company, and Stellantis.

The third GDP revision raises concerns about the persistence of inflation but also provides powerful support to our view that the economy is unlikely to enter a recession this year.

The bones of the U.S. economy are looking good as we hurtle toward the warming months.

Spending would fall by $1.3 trillion, debt service costs would decline, and IRS funding cuts would reduce revenues, the CBO said Tuesday night.

Long-term underlying inflationary pressures are pushing us toward a prolonged period of higher inflation or higher interest rates.

The Federal Reserve appears to expect economic growth to come crashing to an abrupt halt later this year.

As of March 15, the level of borrowings from the Federal Reserve’s liquidity and credit facilities had risen nearly 2,000 percent from the prior week.

The U.S. government on Sunday sought to affirm confidence in the U.S. banking system by announcing protection for all depositors in Silicon Valley Bank.

The government wants to stem a run on the banks.

A formerly-confidential memo from half a century ago suggests that the Federal Reserve may have a failsafe in the event of a protracted debt ceiling fight.

President Biden is planning to tap Federal Reserve Vice Chair Lael Brainard to serve as director of the National Economic Council, according to a Wall Street Journal report.

The labor market remains seriously out of balance, and the Federal Reserve is not likely to relent so long as this remains true.

The buzzword this Black Friday is “muted.

The economy is not going to make it easy for Federal Reserve chairman Jerome Powell to bring inflation down to the central bank’s two percent target.

Inflation is hands down the most important issue on the minds of Americans on the eve of the midterm elections.

The staff of the Federal Reserve board believe the potential output of the U.S. economy is even lower than thought.

A stinging rebuke to the Biden administration.

They are still pursuing stealth regulation of the global economy through financial institutions.

Fed officials have a very wide range of projections for Fed policy two years from now.

Let’s send everyone crossing the border to the Cape Cod paradise where Barack Obama owns a 29-acre estate.

the Biden administration and its cheerleaders in the establishment media have consistently treated inflation as an aberration that was likely to fade real soon now.

It appears that Jerome Powell’s speech in Jackson Hole finally convinced investors that they could not fight the Fed.

A solid majority of Americans think we are in a recession, but that consensus conceals some deep divides divide on the economy.

The debate over the Biden administration’s student loan scheme has somehow become even stupider as the week has worn on.

In his Jackson Hole speech, Fed Chair Jerome Powell needs to show the market that he is carrying bear spray—or something stronger—and is not afraid of the bears.

It’s hard to imagine a worse time for the U.S. government to decide to launch a massive student loan forgiveness program than right now.

Like the famous cartoon character Wimpy who promises to pay on Tuesday for a hamburger today, Sen. Joe Manchin’s inflation bill promises to pay for all its extra spending today with savings sometime in the future.

Here’s how much the Inflation Reduction Act will reduce inflation by: zero.

The provision would put taxpayers on the hook for massive energy loans to Indian tribes.

Gross domestic product shrank again last quarter, confirming the widespread impression that the economy is lousy.