Feb 10 Inflation hits 40 year high, reinforcing Fed’s decision to raise interest rates By Christopher Rugaber, Associated Press Inflation soared over the past year at its highest rate in four decades, hammering America's consumers, wiping out pay raises and reinforcing the Federal Reserve's decision to begin raising borrowing rates across the economy. Continue reading
Feb 10 WATCH: Biden puts focus on lowering drug prices in fight against inflation By Chris Megerian, Josh Boak, Associated Press Unable to tame inflation that has worsened sharply under his watch, President Joe Biden stressed Thursday that his administration’s policies would cut prescription drug prices and make life more affordable for families. Continue reading
Jan 28 A key inflation gauge rose 5.8 percent in 2021, most in 39 years By Associated Press At the same time, incomes rose 0.3% last month, providing fuel for future spending. Continue reading
Jan 24 WATCH: Biden gives remarks on efforts to lower prices for working families. By Associated Press President Joe Biden told members of his administration that the lack of competition in U.S. industries costs the median American family household up to $5,000 annually. Continue reading
Jan 24 Federal Reserve expected to raise interest rates in fight against inflation By Christopher Rugaber, Associated Press With inflation punishing consumers and threatening the economy, the Federal Reserve will likely signal its intent this week to begin raising interest rates in March for the first time in three years. Continue reading
Jan 19 WATCH: Biden acknowledges toll of COVID on nation, but says ‘it will get better’ By Zeke Miller, Josh Boak, Associated Press At a Wednesday news conference to mark his first year in office, President Joe Biden is admitting that the pandemic has exhausted and demoralized many Americans. Continue reading
Jan 18 Watch 6:01 Inflation in Turkey is at a near two-decade high. Is it part of Erdogan’s plan? By Nick Schifrin, Dan Sagalyn For Turkey, 2021 was marked by a free-falling currency, the lira, and record-high inflation. The government’s monetary policy has sent the country into economic turmoil, and as Nick Schifrin reports, soaring prices have hurt Turks from all walks of life. Continue watching
Jan 14 Watch 12:13 Brooks and Capehart on voting rights legislation and partisanship New York Times columnist David Brooks and Washington Post columnist Jonathan Capehart join Judy Woodruff to discuss the week in politics, including Democrats' push for voting rights legislation, partisanship and President Biden’s handling of key issues within his party. Continue watching
Jan 12 Watch 5:17 News Wrap: Kazakhstan crackdown hauls in 1,700 alleged protesters In our news wrap Wednesday, the crackdown in Kazakhstan has led to the arrest of another 1,700 people for allegedly taking part in violent protests, bringing the total to 12,000. Also, Senate Republicans fired back after President Biden denounced them… Continue watching
Jan 12 Watch 8:46 Inflation surged at the fastest pace in 40 years. What will it mean for consumers? The last time inflation rose 7 percent annually was back in 1982 and the latest consumer price report shows costs are continuing to spike. That is presenting real questions for the Federal Reserve, which is tasked with promoting stable prices. Continue watching