Jerome H. Powell has said that snarled supply chains, an oil shock following Russia’s invasion of Ukraine and shifts among American consumers are primarily behind rapid price growth.
Tag: United States Economy
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Double-Barreled Economic Threat Puts Congress on Edge
Republicans and Democrats disagree over how recent bank closures should impact the debt limit stalemate, and have taken divergent lessons from past economic crises.
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Powell and Yellen Suggest Need to Review Regulations After Bank Failures
Proposals for more scrutiny of the financial sector are meeting resistance from industry and Congress.
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How the Banking Crisis Has Had the Same Effect as a Fed Rate Increase
Some analysts say that the banking industry tumult has slowed the economy as banks pull back on lending.