U.S. and Europe Announce New Trade Cooperation, but Disputes Linger
A new trade and technology partnership aims to counter China, but tensions over issues like metal tariffs remain.
New York Times
Inflation Climbs at Fastest Pace in 30 Years as Supply Chain Snarls Linger
Inflation, once expected to fade quickly, is proving more stubborn. That ramps up tension among officials as they wait for pressures to fade.
Democrats Move to Avert Shutdown, but Divisions Imperil Biden’s Agenda
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.
How Does the Economy Work? A New Fed Paper Suggests Nobody Really Knows
Many experts are rethinking longstanding core ideas, including the importance of inflation expectations.
Janet Yellen says she supports eliminating the debt limit.
“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.
Dollar Stores Hit a Pandemic Downturn
Their business model is being tested by worker burnout, pressure to raise wages, supply chain problems and growing local opposition.
How Asia, Once a Vaccination Laggard, Is Revving Up Inoculations
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.
Retailers’ Latest Headache: Shutdowns at Their Vietnamese Suppliers
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.
Are you still not working because of the pandemic? We want to hear from you.
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.
Kaplan and Rosengren, Fed Presidents Under Fire for Trades, Will Step Down
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.
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