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  • Gasoline, food prices subdue consumer inflation

    Why the White House Isn’t Too Worried About Inflation

    While Fed chief Powell has repeatedly downplayed the risk, some economists and policymakers are worried that the U.S. economy could stumble into a 1970s-style inflationary spiral produced by the...

  • People watch fireworks in the form of a 'smiley face' during the 4th of July Independence Day celebrations at the National Mall in Washington, U.S.

    Biggest Boom Since 1946?

    Economic forecasters have been offering increasingly optimistic outlooks as the pace of vaccination accelerates in the U.S., indicating that the economy could be headed for its best performance in...

  • U.S. President Biden discusses implementation of American Rescue Plan at the White House in Washington

    Biden Seeks Big Spending Boost in First Budget

    The Biden administration unveiled its first budget proposal on Friday, asking Congress for $1.52 trillion in discretionary spending for 2022, including major boosts in funding for education, health...