Political News & Social Views

Tag: Fed

Biden Is Practically Engineering a Recession

Most discussion about the possibility of recession focuses on the Federal Reserve’s monetary policies. But there are also factors on the supply side of the economy that may tip the U.S. economy into a recession. Among them are the tax and regulatory policies of the Biden administration.

US GDP contracts further in 1Q

The U.S. economy contracted 1.5% on an annualized basis in the first quarter of 2022, according to revised data released by the Bureau of Economic Analysis on Thursday.

White House gets boxed in on inflation

President Biden is boxed in by high inflation, leaving him with few options to take the heat off on an issue that is hurting his party politically.

Biden has limited control over inflation beyond proposing policies and investments that could take months, if not years, to make an impact.

Inflation rises to new 40-year high in key gauge watched by Fed

Inflation rose to a 6.6% annual rate in March in the personal consumption expenditures price index, the metric favored by the Federal Reserve, the Bureau of Economic Analysis reported Friday.

That is 0.3 percentage points higher than in the previous month and the fastest pace of inflation since January 1982.