Why we’re mired in an 'affordability crisis'

Federal Reserve Chairman Jerome Powell famously described the high inflation that had just started dragging down US consumers in July 2021 as “transitory.” His word choice suggested that elevated...

Trump's economic math simply doesn’t add up

At a White House event on Nov.6 announcing price cuts for those blockbuster weight-loss drugs, Medicare and Medicaid Administrator Mehmet Oz made an astonishing claim. Because the price cuts...

Thanksgiving dinner

Then and now

US grants Hungary exemption on Russian oil sanctions

The United States has granted Hungary a one-year exemption from US sanctions for using Russian oil and gas, a White House official said on Friday, after Hungarian Prime Minister...

Fed’s Waller calls for rate cut as hawks press for policy pause

A clutch of Federal Reserve bank presidents aired their discomfort with the US central bank’s decision to cut interest rates this week, even as influential Fed Governor Christopher Waller...

Fed’s Waller calls for Dec rate cut, as hawks press for policy pause

A clutch of Federal Reserve bank presidents aired their discomfort with the US central bank’s decision to cut interest rates this week, even as influential Fed Governor Christopher Waller...

Trump in Japan as hopes grow for China trade deal

Aurelia End and Andrew Caballero-Reynolds Optimism grew Monday that Donald Trump and China's Xi Jinping will end their bruising trade war during talks this week, as the US president...

US and Australia sign $8.5 billion critical minerals agreement

US President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical-minerals deal at the White House on Monday as Washington eyes the continent’s rich rare-earth resources when...

Even GOP voters are souring on economy

Here’s a shocker: Democrats and Republicans don’t see eye-to-eye on the economy. But focusing on the partisan divide obscures the bigger picture: Majorities in both parties think the economy...