Inflation Warning Signs Flash Red, Posing Challenge for Washington

Inflation, once expected to fade quickly, is proving more stubborn. That ramps up tension among officials as they wait for pressures to fade.

Inflation Warning Signs Flash Red, Posing Challenge for Washington

Inflation, once expected to fade quickly, is proving more stubborn. That ramps up tension among officials as they wait for pressures to fade.

Nobody Really Knows How the Economy Works. A Fed Paper Is the Latest Sign.

Many experts are rethinking longstanding core ideas, including the importance of inflation expectations.

Opinion | I’m One of Biden’s Advisers. Here’s How I Think About His Economic Agenda.

For decades, politicians have rewarded wealth over work, putting big corporate interests above working families. That has to stop. 

Opinion | Manchin and Sinema Should Just Say No

Don’t let the Democrats spend themselves into oblivion.

‘I Can’t Imagine a Good Future’: Young Iranians Increasingly Want Out

Divorce is up, fertility rates are down and many from Iran’s younger generation are postponing weddings and searching for ways to leave the country in the face of economic and political stagnation.

Wall Street Scans the Lots as Used Cars Prod Inflation

The Manheim Used Vehicle Value Index, an obscure tracker of wholesale used-car prices, has become closely watched by the finance world’s high rollers.

Opinion | Why Are Moderates Trying to Blow Up Biden’s Centrist Economic Plan?

In attacking the Build Back Better Act, they are working against their own purported aims.

Federal Reserve Signals a Shift Away From Pandemic Support

The Fed said it could soon slow its large-scale purchases of government-backed bonds and indicated it might raise interest rates in 2022.

How Car Rentals Explain the 2021 Economy

Prices have fallen recently but not to previous levels. The industry reflects the American economy’s long, strange trip.

Opinion | The Economic Mistake the Left Is Finally Confronting

The left needs to think as much about supply as it does about demand. 

Prices climbed more slowly in August, welcome news for the Fed.

The Consumer Price Index climbed 5.3 percent from August 2020, which is still faster than normal. But monthly gains are slowing, and that’s a good sign for economic policymakers.

Opinion | Wonking Out: I’m Still on Team Transitory

Is it the ’70s? Or is it 1951? 

Inflation Is Popping From Sydney to San Francisco. It May Be a Good Sign.

Inflation has surged across advanced economies. The shared experience underlines that price gains come from temporary drivers — for now.

Opinion | Wonking Out: A Very Austrian Pandemic

Friedrich Hayek gave terrible policy advice.

Opinion | Modern Monetary Theory Has a New Friend in Congress

John Yarmuth is a big fiscal deal. He says we should be open to deficit spending.

Why Would an Economist Ever Look on the Bright Side?

For Wall Street, and the dismal science as a whole, trouble is around every corner even as the economy booms.

Powell Signals Federal Reserve Could Slow Bond Purchases This Year

The Fed chair warned that the Delta variant remained a risk and suggested that a rate increase was not on the table for some time.

Jerome Powell speaks at the Fed’s closely watched annual conference.

Instead of laying out how the Fed will taper its bond-buying, Mr. Powell instead explained how the Fed was thinking about Delta variant risks and recent rapid inflation.

Opinion | Inflation Could Stay High Next Year, and That’s OK

The Fed has boxed itself into a corner by predicting a rapid decline in inflation in 2022.