Economy

In fighting inflation, which last year hit a four-decade high, the Fed has raised its benchmark rate 11 times since March 2022, most recently on Wednesday. The resulting higher costs for a broad range of loans — from mortgages and credit cards to auto loans and business borrowing — have taken a toll on growth. … Read more

But last week’s publication of Freedom Conservatism: A Statement of Principles, with signatories including Dick Armey, Karl Rove, Grover Norquist, George Will and a cross-section of Washington think-tank worthies, made a splash precisely because so many old Republican shibboleths have moved from being stump-speech cliches to being subjects of actual disagreement among conservatives. And in … Read more

But there’s reason to be skeptical that concrete action will come soon, if at all. There’s no clear timeline for the project and little in the way of overt direction, outside of analyzing various theories for defusing the debt ceiling. And for the growing cadre of lawmakers, economists and legal scholars still attuned to the … Read more

The survey found voters are not excited about their options, with 55 percent of respondents saying they view Donald Trump either somewhat or very unfavorably, and 54 percent for Joe Biden. | Patrick Semansky/AP Photo Joe Biden and Donald Trump are tied in a hypothetical rematch at 43 percent support for their return to the … Read more

The Fed will face another major decision on rates at its September meeting. While there are clear signs that prices aren’t spiking as quickly, and that the economy can avoid a recession, Powell warned in a press conference last week that the central bank had “a long way to go.” Fed policymakers are also projecting … Read more

“DeSantis made a fatal error — his whole anti-Disney, anti-corporate stance is so foolish,” said Kathy Wylde, president and CEO of the Partnership for NYC — a trade organization that represents Wall Street executives. “I know a donor to him who sat him down, and told him what a mistake this was early on, and … Read more

“If you look at where the puck’s going to be a year from now,” said a White House official granted anonymity to discuss strategy, “inflation’s going down and the term “Bidenomics” is going to come to signify … President Biden has a plan. They may not be able to list every single thing in that … Read more

In recent months, the Biden administration has hit hard the president’s economic policy, known as “Bidenomics,” amid falling inflation, steady job growth and diminished talk of a forthcoming recession. But it’s struggled to catch on, evidenced by the poll also finding that only 34 percent of surveyed Americans would describe the economy as very or … Read more

The signs of dissatisfaction with Democrats didn’t end there. Respondents were also asked about the rise in crime and border issues. Democrats got zeros across the board. Perhaps most troubling of all, some respondents indicated that they preferred the economy under former President Donald Trump. “Our economy is the lowest it’s been in god knows … Read more