Lael Brainard was vice chair of the Federal Reserve System. President Biden has named a replacement for Brian Deese as his primary economic advisor. He has appointed Lael Brainard…
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January Inflation Higher Than Expected
Labor Department reports inflation now at a 6.5 percent annual rate. The U.S. Department of Labor released its January consumer price index Tuesday which reflected a half percentage…
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IRS Changes Tax Brackets for 2023 Tax Year
Officials cite inflation as the reason for the changes. The Internal Revenue Service announced it is making multiple changes to its tax code for 2023. They are including…
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SNAP Program Ending for Millions
Pandemic-era food assistance already stopped in some states. More than 41 million Americans receive benefits through the nation’s Supplemental Nutrition Assistance Program (SNAP), also known as food stamps. Next…
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Fed Chair Says There is a “Long Way to Go” on Inflation
He also calls America’s debt unsustainable. Federal Reserve Chairman Jerome Powell said there is “a long way to go” before economic stability is achieved in the U.S. He…
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Treasury Department Awards $690 Million for Rental Assistance
Funds are being distributed to 89 state and local grantees. The Department of the Treasury released an additional $690 million for rental assistance through their Emergency Rental Assistance…
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Labor Department Reports Higher Job Gains than Expected
The leisure and hospitality industries experience the greatest gains in January. The latest Labor Department jobs report shows the U.S. added 517,000 jobs in January, outstripping the forecast…
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Consumer Spending Dropped in December
The drop could indicate that inflation is starting to cool. The Commerce Department reported that American household spending dropped by two-tenths of a percent in the month of…
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President Prepares for New National Economic Council Head
The White House continues to narrow down the next appointee. The White House is narrowing down potential nominees for the next head of the National Economic Council (NEC).…
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The Conference Board Leading Economic Index Falls for Tenth Month
The results have led some to believe a recession is coming. The Conference Board Leading Economic Index (LEI), which is a barometer of the health of the American…
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