With the contract of union workers at West Coast ports nearing expiration, the prospect of a labor impasse threatens another shock to the global economy.
Tag: Supply Chain
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Is America’s Economy Entering a New Normal?
Policymakers are wrestling with the reality that the pandemic may mark a turning point in the nation’s economic plot.
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Powell Says Fed Could Raise Rates More Quickly to Tame Inflation
Jerome H. Powell, the chair of the Federal Reserve, voiced worry about inflation expectations and declared the central bank ready to do what it takes to control rapid price increases.
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As Inflation Surges, Biden Targets Ocean Shipping
The president is targeting shipping companies that have jacked up prices during the pandemic, but critics say bigger economic forces are at work.