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Category: Economy

EconomyPosted on19.03.2023

Elizabeth Warren: Fed chair has failed at both his jobs

The Massachusetts senator, who has been vocal in calling for stronger regulations of the banking sector, also slammed Powell for deregulation that happened under his…

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EconomyPosted on14.03.2023

U.S. inflation eases but stays high, putting Fed in tough spot

That is a sharp shift from just a week ago, when Chair Jerome Powell suggested to a Senate committee that if inflation didn’t cool, the…

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EconomyPosted on26.02.2023

Biden on economy: ‘It’s understandable why people are just down’

“I don’t blame people for being down, you know,” Biden said, “when you had the year, two years of the pandemic, kids out of school,…

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EconomyPosted on07.02.2023

Biden’s 2022 State of the Union report card: Where he delivered — and fell flat

Guns Grade: Needs improvement What Biden said: “And I will keep doing everything in my power to crack down on gun trafficking, of ghost guns…

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EconomyPosted on03.02.2023

Biden on robust jobs numbers: The ‘critics and cynics are wrong’

The president’s last-minute remarks were added to his schedule Friday morning after the Labor Department announced the U.S. economy created a whopping 517,000 jobs in…

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EconomyPosted on12.01.2023

Wall Street’s biggest bear: Fed’s Jerome Powell

“It is a very peculiar tango that we’re dancing here,” said Torsten Slok, chief economist at Apollo Global Management. “On the one hand, the Fed…

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EconomyPosted on10.01.2023

Yellen to stay on as Biden’s Treasury chief as debt fight looms

But in recent months inflation has eased, Democrats performed surprisingly well in the midterm elections and pressure to make sweeping changes on the Biden economic…

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EconomyPosted on13.12.2022

U.S. inflation slowed sharply to 7.1 percent over past 12 months

Even with last month’s further easing of inflation, the Federal Reserve plans to keep raising interest rates. On Wednesday, the Fed is set to boost…

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EconomyPosted on02.11.2022

Fed jacks up rates again but Powell hints it might slow down

Some investors and U.S. lawmakers like Sen. Elizabeth Warren have warned that the central bank is raising rates too quickly, running the risk of going…

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EconomyPosted on02.11.2022

Voters remain gloomy despite recent economic gains

The third quarter GDP increase followed two quarters of decline. Fifty-eight percent of voters said they hadn’t heard that GDP was up, according to the…

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