Economic experts are predicting trouble for President Biden as the nation heads toward a November general election, leaving little time for his administration to fix the stubbornly high inflation plaguing Americans. Inflation currently stands at 3.3% year over year, according to Labor Department statistics. Although it’s down from a near-record high of 9.1% in June … Read more
The North Star of macroeconomic policy—the ideal point toward which fiscal and monetary measures are intended to take us—is an America where jobs are plentiful and prices rise by 2 percent a year. And we may have come to just that place. In May, the US economy added 272,000 jobs, far more than economists had … Read more
US President Joe Biden speaks at the Washington Hilton in Washington, DC on June 11, 2024. … [+] The Biden administration has directed student loan servicers to place millions of borrowers in a temporary forbearance while payments are recalculated. (Photo by SAUL LOEB/AFP) (Photo by SAUL LOEB/AFP via Getty Images) AFP via Getty Images Millions … Read more