Aug 29 Watch 9:31 Tamara Keith and Amy Walter on the tighter competition for control of Congress NPR’s Tamara Keith and Amy Walter of the Cook Political Report with Amy Walter join Lisa Desjardins to discuss the latest political news, including how recent developments surrounding abortion, gas prices, student loan relief and the investigation into former President… Continue watching
Aug 29 WATCH: 2 economists on where the U.S. economy is headed now By Casey Kuhn, Nicole Ellis, Jenna Cohen “The economy's in a really interesting position right now,” Furchtgott-Roth said. “We have never had such a gap between gross domestic investment and consumption spending.”… Continue reading
Aug 26 Watch 6:46 Why the Fed plans to keep aggressively fighting inflation even if it leads to job loss By William Brangham Federal Reserve Chair Jerome Powell delivered a stark message Friday on inflation, warning that more interest rate hikes are coming and they're going to take a toll. Those statements came during the Fed's annual economic symposium in Jackson Hole, Wyoming. Continue watching
Aug 26 Watch 9:12 Sen. Thune on why he opposes Biden’s student loan plan, the affidavit in Mar-a-Lago search By PBS NewsHour President Biden's plan to cancel thousands of dollars in student loan debt for millions of borrowers has raised criticism from the Republican ranks. Many have called the plan unfair and believe it could worsen inflation and does little to address… Continue watching
Aug 26 Dow Jones drop 3 percent after Fed Chair Powell warns interest rates to stay high By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press Stocks closed sharply lower after the head of the Federal Reserve dashed Wall Street's hopes that it may soon ease up on high interest rates in its effort to tame inflation. Continue reading
Aug 26 Inflation eased in July as consumer prices and income rose By Paul Wiseman, Associated Press Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve. Continue reading
Aug 26 Federal Reserve’s inflation fight could bring ‘pain’ and job losses warns Powell By Chris Rugaber, Associated Press Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed is determined to fight inflation with more sharp interest rate hikes, which will likely cause pain for Americans in the form of a weaker economy and job losses. Continue reading
Aug 26 WATCH: Federal Reserve Chair Powell warns interest rates could increase ‘for some time’ By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades. Continue reading
Aug 25 This New Orleans food bank opened to serve more people. Inflation is forcing organizers to turn dozens away By Roby Chavez Inflation, supply chain issues, and rising gas prices impact food pantries across Louisiana. Some are now faced with imposing limits on grocery giveaways, turning people away, and even canceling food distribution. Continue reading
Aug 19 As Zimbabwe again faces inflation, government introduces gold coins By Farai Mutsaka, Associated Press Rising prices and a fast depreciating currency have pushed many in Zimbabwe to the brink, reminding people of when the southern African country faced world-record inflation of 5 billion percent in 2008. Continue reading