The president’s pro-labor reputation doesn’t mean much if he isn’t willing to stand firm when unions need White House support.
Tag: United States Economy
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What to Know About Biden’s and Congress’s Involvement in the Rail Strike
President Biden called on Congress to pass legislation to head off a holiday-season rail strike, warning that a disruption to service could cause dire economic damage.
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Biden’s Meeting With Macron Comes Amid Rising Trans-Atlantic Tensions
The president’s “Made in America” plan has drawn accusations of protectionism from Europe as the United States tries to keep its Western allies aligned against Russia.
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Powell says that rates will rise more and remain high ‘for some time.’
The Federal Reserve chair said the central bank will keep lifting rates to control price increases, and played down a recent cooling in inflation.
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Markets Rise as Powell Signals Slowdown in Pace of Rate Increases
In his final public remarks before a crucial Federal Reserve meeting, the central bank’s chair said the time to moderate rate increases could come as soon as December.