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.
There’s no doubt that the Federal Reserve is going to raise its interest rate target at the end of tomorrow’s meeting of the Federal Open Market Committee. What we do not know is how much they will raise.
G.K. Chesterton once said that he owed his success to having listened respectfully to the very best advice, and then doing the exact opposite.
Oil prices plunged on Tuesday ahead of President Joe Biden’s first trip to the Kingdom of Saudi Arabia.
Due to inflation, 2022 is turning out to be the worst year for the S&P 500 since 1872, according to the chief investment strategist at Bank of America Securities.
The Federal Reserve Bank of New York’s monthly survey of U.S. households indicates a dramatic turn for the worse in both current conditions and expectations for the year ahead.
Inflation does not look like the result of “Putin’s price hike” or even supply-chain disruptions. It is being driven by consumer demand pumped up by a legacy of stimulus–monetary and fiscal–and fueled by a red hot labor market.
The White House launched a campaign this week to shift the public’s perception away from the idea that inflation is the result of the Biden administration’s policies.
The theory of greedflation was tossed into the dustbin of history by the quarterly reports of Walmart and Target.
The experts have been telling us for months that the economy was doing extraordinarily well once you look past the little problem of inflation. The American people weren’t buying it. And today’s Bureau of Economic Analysis revealed that the people were right.
Norse mythology has a colorful warning about the danger of distraction derailing an important project. This story was brought to mind by the dramatic sell-off on Tuesday of shares of Tesla.
We are witnessing the potential destruction of globalization and the fragmentation of the global economy into competitive but somewhat isolated trading groups.
A key market gauge of the risk of future recessions flashed a warning signal on Thursday afternoon.
While Democrats are accusing oil companies of price gouging, climate activists are demanding that banks stop financing fossil fuel development.
With Russia cut out of most of the things it could buy with euros, it may well decide to stop selling Europe natural gas.
Rising gasoline prices are also driving up expectations for broader inflation.
Oil prices surged higher on fears of sanctions against Russian energy.
The application of the techniques of cancel culture to the entire country of Russia continued on Thursday.
This week saw the introduction of a new phenomenon in international relations: canceling an entire country. But the global effort to cancel Russia is a big boon to the communists who still rule China.
BIden’s economy has lost the confidence of independent voters, 72 percent of whom say economic conditions are getting worse.
Teen Vogue asks: “What Is the Federal Reserve and Why Does It Matter?” It gets both answers wrong.
One week after the September 11th attacks, the air in New York City was still poisoned, the sickening smell of the still-burning ruins of the World Trade Center drifting up through Manhattan’s streets and cursing us with coughs and cancers.
Federal Reserve officials expect the labor market to see an influx of women workers when schools reopen in the fall. That’s looking a lot more doubtful now.
A major setback at the start of an administration that claims to be focused on racial inequality