A new trade and technology partnership aims to counter China, but tensions over issues like metal tariffs remain.
New York Times
Inflation, once expected to fade quickly, is proving more stubborn. That ramps up tension among officials as they wait for pressures to fade.
Democrats prepared a spending bill to keep the government funded past a Thursday deadline, but moderates dug in harder against their ambitious social safety net bill.
Many experts are rethinking longstanding core ideas, including the importance of inflation expectations.
“I believe it is very destructive to put the president and myself, as Treasury secretary, in a situation where we might be unable to pay the bills that result from those past decisions,” Ms. Yellen said Thursday.
Their business model is being tested by worker burnout, pressure to raise wages, supply chain problems and growing local opposition.
Several countries are now on track to surpass the United States in fully vaccinating their populations, lifting hopes of a more permanent return to normality.
Factories in the country, a major apparel and footwear supplier to the U.S., have been forced by the pandemic to close or operate at reduced capacity, complicating the all-important holiday season.
We’re interested in all kinds of stories: people who can’t find work, people who have chosen to take a step back, people who have walked away for good.
Robert S. Kaplan will exit his role as head of the Federal Reserve Bank of Dallas next month. Eric S. Rosengren, the head of the Federal Reserve Bank of Boston, is also retiring earlier than planned.