John Carney

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.

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.