Larry Summers Was Wrong About InflationThe economist predicted that the Fed would need to push unemployment above 5 percent to contain price growth. Whoops.
Jerome Powell Will Not Be StoppedIt’s been a year since the Federal Reserve started hiking interest rates, and there’s no reason for it to turn back now.
Pretty Soon You’ll Be Able to Afford Things AgainJuly’s inflation rate saw an unexpectedly large drop, driven by the price of gas. This could be the beginning of the end of the era of high prices.
ByKevin T. Dugan
the economy
So Are We in a Recession, or What?This economy is a bundle of contradictions, but today’s actions from the Federal Reserve mean a recession is unlikely.
ByKevin T. Dugan
life after roe
For Democrats, It’s Now Culture War or NothingDemocrats have an opportunity and responsibility to fight for abortion and other rights at a time when they just aren’t trusted on the economy.
‘A Dangerous Level of Groupthink’Larry Summers on America’s inflation problem, the Federal Reserve’s late response, and the likelihood of a recession.
ByBenjamin Hart
economy
Inflation Reaches Another Multi-Decade HighPrices spiked again in June. There is reason for hope, but much higher borrowing rates and a possible recession could loom on the other side.