The president is counting on the central bank to strike the right balance on jobs and inflation — and to prevent a spiraling financial crisis.
Tag: Recession and Depression
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Banking Crisis Hangs Over Economy, Rekindling Recession Fear
With new doubts about the recovery’s staying power, borrowing could become tougher, a particular blow to small businesses.
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A Bank Run Jolts Markets as Investors Await the Jobs Report
Concerns about a California bank come at a time when investors have been flipping between worrying about the economy and seeing an end to the recent market turmoil.
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Jobs Report to Offer Fresh Reading on Labor Market’s Tenacity
After a blockbuster opening to the year, economists expect the February data to show the return of a gradual slowdown in hiring.
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Debt Default Would Cripple U.S. Economy, New Analysis Warns
As President Biden prepares to release his latest budget proposal, a top economist will warn lawmakers that Republicans’ refusal to raise the nation’s borrowing cap could put millions out of work.