‘What does it matter whether you use the ‘r’ word or not?’ Krugman said.
Whatever the NBER calls the state of the economy, it’s 9.1 percent inflation, declining real incomes, and declining economic output.
Tossing that phrase around can’t hide the reality that Americans’ paychecks are shrinking in real terms.
The Fed should keep its focus on tighter money even as a weak economy increases the pressure on it to ease up.
Richard Morrison writes about environmentalists and their net-zero aspiration.
President Biden appears convinced he can just spin his way through bad economic news.
Can the NBER, which is considered to be the ‘official’ judge of when a recession begins, save the day, at least as NPR would doubtless likely see it?
GDP numbers released Thursday confirmed the economy has contracted for two consecutive quarters.
A second straight quarter of GDP decline really shouldn’t be that much of a surprise.
As recently as Monday, President Biden had stressed that the U.S. would not go into a recession.