Oil prices are on the increase. Oil prices rose Monday as supply concerns are mounting heading into the winter months. Although gasoline at the pump has gone down in…
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Secretary Yellen Gives Economic Policy Speech in Detroit
Touts investments into “forgotten and overlooked” industry communities. Treasury Secretary Janet Yellen gave a speech in Detroit, Michigan, on Thursday in support of the strategies of President Biden’s…
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Commerce Department Publishes CHIPS RFI Summary
Analysis synthesizes public responses to strategy development. The Department of Commerce has released a detailed summary documenting the responses to their Request for Information (RFI) for the Creating…
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President to Host Summit with Pacific Island Nations
One focus will be on climate change collaboration. On September 28 and 29, President Biden will host a U.S.-Pacific Island Country Summit. The gathering will focus on collaboration…
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Job Openings Increased in July
The hiring pace slowed for the fourth month in a row. The U.S. Department of Labor announced Tuesday that job openings rose in July as employers become less…
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World Economists Expect Economic Volatility to Persist
Members of the Federal Reserve participate in an annual economic symposium. Economic leaders from around the world, including members of the U.S. Federal Reserve, participated in an annual…
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U.S. to Host Indo-Pacific Economic Framework Ministerial
This will be the first in-person meeting to deepen economic ties in the region. U.S. Secretary of Commerce Gina Raimondo and U.S. Trade Representative Katherine Tai will be co-hosting…
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President Establishes CHIPS Act Steering Council
They will coordinate funding, grants, and subsidies. President Biden signed an executive order directing the implementation of the $280 billion CHIPS Act, designed to boost domestic manufacturing and…
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Federal Reserve Board Meets in Wyoming
Chairman Powell says efforts to reduce inflation will “bring some pain.” Members of the Federal Reserve have been meeting in Jackson Hole, Wyoming, and on Friday, Chairman Jerome…
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$750 Million in Small Business Credit Approved
Treasury Department approved funds for the states of New York, Colorado, Oregon, and Montana. The Department of Treasury recently announced the approval of four state plans for small…
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