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Fed Chairman Grilled over Failures

(Money Metals Exchange) As Congress sought answers from Federal Reserve chairman Jerome Powell this week, investors are seeking buying opportunities in oversold markets. Fed chairman...

Powell: Fed Must Convince Public It Can Tame Inflation

(AP) As if their job weren't hard enough at a time of raging inflation, Chair Jerome Powell and his Federal Reserve colleagues have to...

Fed’s Powell Facing Rising Criticism for Inflation Missteps

(AP) Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to the U.S....

Three Biden Policies That Have Increased Gas Prices

(Brad Polumbo, Foundation for Economic Education) Average gas prices recently passed $5 per gallon nationwide, setting a new record. This is bad news for workers' budgets,...

Inflation Taking Bite Out of New Infrastructure Projects

(AP) The price of a foot of water pipe in Tucson, Arizona: up 19%. The cost of a ton of asphalt in a small...

Yellen: Recession Not Inevitable, Gas Tax Holiday Weighed

(AP) Treasury Secretary Janet Yellen said Sunday that she expects the U.S. economy to slow in the months ahead, but that a recession is...

Retail Sales Fall in May as Prices Continue to Rise

(The Center Square) The U.S. Census Bureau Wednesday released advance estimates of U.S. retail sales which showed those sales fell 0.4% in May. Motor vehicle and parts dealers...

Reports: Majority of Americans Use Savings to Cover Inflation Costs

(The Center Square) The majority of Americans’ finances are worse than they were a year ago and they’re blowing through savings to make ends...

Hot Inflation Dims Likelihood Fed Can Achieve ‘Soft Landing’

(AP) For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to...

Inflation Fears Send Consumer Sentiment Plunging to a Record Low

(Robert Hughes, American Institute for Economic Research) The preliminary June results from the University of Michigan Surveys of Consumers show overall consumer sentiment plunged...