Robust growth in jobs has delighted the White House and helped the economy avoid a recession, but it has been accompanied by persistently high inflation.
Tag: Federal Reserve System
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Wages May Not Be Inflation’s Cause, but They’re the Focus of the Cure
While fear of a “wage-price spiral” has eased, the Federal Reserve’s course presumes job losses and risks a recession. Some see less painful remedies.
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The Fed’s War on Inflation Is a Class War
When the Federal Reserve uses interest rate hikes as a blunt tool, American workers are the inevitable casualty.
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Why Schwab Got Hit in the Panic Over Regional Banks
Like Silicon Valley Bank, the company holds billions in bonds that have declined in value. But it has access to billions in cash, if needed, analysts say, and is much more diversified.