In July we added a 1/2 million jobs on net, wages rose briskly and the unemployment rate fell to its 50-year low. That's a sign of progress.
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The Fed has been usually specific this year about its plans, signaling the likely size of interest rate hikes ahead of time. Last week Chair Powell said…
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The Fed raised rates another 75 basis points this week in its aggressive effort to curb inflation. Worryingly, it sees the strength of workers as…
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We made it!
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Some experts say we need a recession to bring high inflation down. That's incorrect. Their model of the economy and views on what's causing inflation…
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The Fed says inflation expectations are anchored, but it worries they won't stay that way. What does that mean and why is it important enough to risk…
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372,000 more jobs in June and unemployment rate at 3.6%. We are not in a recession, but if the Fed gets too anxious about the labor market's strength…
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Last year the new Child Tax Credit sent money to families monthly, supporting kids from the poor to the middle class. It expired at the end of the year…
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Data are central to Fed policymaking, and that's a good thing. However, data are imperfect and do not speak for themselves, so sometimes they lead us…
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The Fed is raising interest rates to cool off demand and bring inflation down. That's trading one hardship for another. The White House and Congress…
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Gas is $5 a gallon. That's a dollar and half more than before Putin invaded Ukraine and two and half more than when the pandemic began. It's time to…
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The least democratic institution in the government is the only one trying to bring down inflation. That's far too risky. Congress and White House must…
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