Tag: Inflation (Economics)
How Europeans Are Responding to Exorbitant Gas and Power Bills
A German retiree facing sky-high energy bills is turning to a wood-burning stove. The owner of a dry cleaning business…
Pandemic’s Economic Impact Is Easing, but Aftershocks May Linger
The pandemic’s grip on the economy appears to be loosening. Job growth and retail spending were strong in January, even…
Could Wages and Prices Spiral Upward in America?
As prices for products including gas, steaks, bacon and camping equipment climb rapidly, eating into paychecks and dominating headlines, consumers…
Senate Republicans Stall Crucial Vote on Fed Nominees
President Biden’s plans to reshape the Federal Reserve suffered a setback on Tuesday as Republicans delayed a key vote on…
Inflation May Have Peaked. The Fed Needs to Step Gingerly.
In short, it might be helpful to reframe the C.P.I. news.Newspapers could quite accurately have run this much duller headline:…
Modern Monetary Theory Got a Pandemic Tryout. Inflation Is Now Testing It.
The problem is that the alternative to a Fed response is, at the moment, not obvious. The Biden administration’s attempts…