The Federal Reserve is formulating its plan to fight crippling inflation this week, and the uncertainty has the stock market going haywire. The board is meeting Tuesday and Wednesday to determine when to start hiking the central bank’s benchmark interest rate, which has been near-zero since the start of the pandemic. Many firms anticipate the Fed may…

We keep hearing about the inflation problem and with good reason. Inflation has hit 7%, the highest level we’ve seen in 40 years, and it’s led Federal Reserve Chair Jerome Powell to take major criticism as he looks to get it under control. Stocks rebounded a bit after shedding 11% since the start of 2022,…

The stock market launched a major comeback in the final trading hours Monday after a brutal trading day that was set to break negative records. In the end, all major indexes ended in the green. Earlier Monday, the Dow Jones Industrial Average thrashed around, shedding more than a thousand points before surging back to end…

President Joe Biden wrapped up the last day of his first year in office taking questions from 30 reporters in a White House news conference. It marks just the 10th news conference Biden has held in his first year as president. For comparison, former President Donald Trump held 21 news conferences in 2017 alone, according…

He’s telling lies and criticizing members of his own party, so it’s no surprise President Biden’s approval ratings are dropping to catastrophic levels. The recent Quinnipiac poll shows the president’s approval at 33% overall, 25% among independents, 28% among Latinos, and 24% approval with young Americans.  There’s a laundry list of reasons for these low numbers,…

Just when the U.S. was starting to see improvements in the supply chain, small COVID outbreaks in China resulting in big shutdowns threaten to wreak havoc on the world economy. “Particularly if China sticks to a no-COVID policy, Omicron can really disturb supply chains again,” Federal Reserve Chair Jerome Powell said on January 11. With…

Federal Reserve Chair Jerome Powell was finally confirmed Thursday to a second term after a three-month delay. He’s led the central bank since 2018, after then-President Donald Trump nominated him to the position. President Joe Biden renominated him last year but the Senate dragged on the confirmation process as inflation reached its highest level in…

The U.S. Supreme Court on Thursday blocked President Joe Biden’s COVID-19 pandemic-related vaccination-or-testing mandate for large businesses while allowing his administration to enforce its separate vaccine requirement for healthcare facilities. The court acted after hearing arguments last Friday in the legal fight over temporary mandates issued in November by two federal agencies. The court was…

According to two Labor Department reports released Thursday, on producer prices and weekly unemployment respectively, the United States is still struggling to deal with the economic effects of COVID-19. According to the department’s latest Producer Price Index, prices at a wholesale level increased 9.7% in 2021. The department noted that is “the largest calendar-year increase…

Pressure is mounting on the Democrats with the all-important mid-term elections getting closer every day, and they aren’t doing themselves any favors. A number of people on the left are retiring, putting the Democratic Party at a real disadvantage. That creates open seats, increases the opportunities, stretches their resources.  Even if it’s a democratic seat, the…