Changing the way waiting ships are counted while continuing to kowtow to organized labor will not ease port congestion.
Powell said the Fed is considering tapering off its large-scale asset purchasing program earlier than previously indicated.
Consumer prices rose 6.2 percent in October 2021 compared with the same month in 2020, the highest increase since November 1990.
Biden’s nominating Jerome Powell for another term as Fed chairman was the correct decision to make.
With inflation at a 31-year high, according to the Labor Department, Biden’s economic adviser Brian Deese says what the country needs is more spending.
It’s a significant increase from when the question was asked in April, when 53 percent said they were concerned.
Our inflation appears to be mainly caused by supply-chain disruptions of various kinds. And that means it’s nearly pure loss.