The Pandemic Is Testing the Federal Reserve’s New Policy Plan

Year 1 of the Fed’s framework, unveiled at its Jackson Hole conference in 2020, has included high inflation and job market healing. Now comes the hard part.

Democrats Scrounge for Votes to Pass $3.5 Trillion Budget Plan

With moderates balking, Speaker Nancy Pelosi was working to secure their support for the budget. Democrats ultimately scrapped tentative plans for a vote late Monday.

Biden and the Fed Wanted a Hot Economy. There’s Risk of Getting Burned.

So far, in a real-world test of a new approach to economic policy, prices have been rising faster than wages.

What an Adult Tricycle Says About the World’s Bottleneck Problems

The supply-chain problems rocking companies may get worse heading into the holidays, as delays continue to snarl global trade and shipping prices jump even higher.

This Is a Terrible Time for Savers

In an upside-down world of financial markets, expected returns after inflation are at record lows.

Opinion | Biden Is Asking for $4 Trillion. Congress Shouldn’t Give It to Him.

The president’s economic plan would risk making inflation worse.

Opinion | Joe Biden Won’t Stop Surprising Us

It turns out that the era of big government isn’t over.

What if Inflation Isn’t ‘Transitory’?

More experts think higher prices will stay for a while.

The Bond Market Is Telling Us to Worry About Growth, Not Inflation

The economy remains hot, but the future is looking less buoyant than it did just a short while ago.

The Bond Market Is Telling Us to Worry About Growth, Not Inflation

The economy remains hot, but the future is looking less buoyant than it did just a short while ago.

A Great Inflation Redux? Economists Point to Big Differences.

Prices climbed for years before the runaway inflation of the 1970s. Economists see parallels today, but the differences are just as important.

Rising Oil and Gas Prices Add to U.S. Economic Challenges

Experts say a period of costlier fuel is likely to be brief. But if consumers start to assume otherwise, it could mean problems for Biden and the Fed.

Opinion | It’s Morning in Joe Biden’s America

And the president deserves a lot of the credit.

Budget Deficit Projected to Hit $3 Trillion as Pandemic Spending Buoys Economy

Stimulus spending will help fuel economic growth and erase pandemic job losses, according to a new report from the Congressional Budget Office.

Fed Unity Cracks as Inflation Rises and Officials Debate Future

Federal Reserve officials are debating what to do as price risks loom, even as its leaders and the White House say today’s surge will most likely cool.

Markets Work, but Untangling Global Supply Chains Takes Time

Decisions made early in the pandemic are having lasting effects on the ability of industries to fulfill surging demand.

Fed’s Favorite Inflation Gauge Remains High, but Gains Slowed in May

A key index picked up 3.9 percent over last year, a pace not seen in more than a decade, though the monthly price gain was lower than expected.

Why Washington Can’t Quit Listening to Larry Summers

A longtime leading man of economics is no longer making America’s policies. He’s still driving a critical conversation around them.

Opinion | The Week Inflation Panic Died

Don't worry: Lumber is falling and the Fed is on the case.

As Lumber Prices Fall, the Threat of Inflation Loses Its Bite

Costs soared partly because of do-it-yourselfers’ spending stimulus checks, but a month of declines show that consumers aren’t about to trigger runaway increases.