U.S. Economy

Between its political happy talk in the contrast to reality and its broken promises, whatever credibility the Fed had in the past is long gone

Not satisfied with putting thousands of people out of work with its infamous AB 5 legislation, California lawmakers now are going after fast-food businesses.

Bottom line, it’s a recession at the moment; whether it gets worse depends on inflation, and policymakers goofing around whistling past graveyards should give anyone pause.

Sen. Joe Manchin has agreed to support a "Build Back Better" lite that proponents claim will reduce inflation, give us better weather, and "pay for itself" through price controls and taxes. Perhaps we should be wary of such political "victories" for the political elites.

Even though the Fed has been inflating the US dollar with impunity, neither the yen nor the euro can challenge the USD.

Just like the USA, Mexico is being hit with high inflation. This should surprise no one, given the Mexican government's recent economic policies.

Powell said that moving forward "we think it's time to just go to a meeting by meeting basis." Translation: "Things might go even more off the rails at any time, so let’s just play it by ear."

With inflation making workers poorer, and with midterm elections looming, Janet Yellen is doing damage control by arguing over the definition of "recession."

Forget Biden's claim that his government is "fighting inflation." His government is creating inflation, and in so doing robbing people of their savings and earnings.

Populists on the right (and left) are claiming that American prosperity came about because of high protective tariffs. But political rhetoric can‘t replace sound economics.