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The Fed Faces Criticism as It Wades Into Climate and Equity Issues

And Michael Strain, an economist at the American Enterprise Institute in Washington, said he was concerned that the Fed’s focus on fostering equity — by…

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Unemployment Is High. Why Are Businesses Struggling to Hire?

By contrast, “right now what seems to be happening is that job creation is outpacing the search effort that workers are putting forth,” said Professor…

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Signs of Economic Hope Are Growing, Some With Superlatives

“I found it very encouraging that there are signs that people are waking up from hibernation, buying new clothes and going out to restaurants,’‘ said…

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Fed Chief Says U.S. Economy Is at an ‘Inflection Point’ as Risks Remain

WASHINGTON — The economy is at an “inflection point” and on the cusp of growing more quickly, the Federal Reserve chairman, Jerome H. Powell, said…

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What President Biden Proposed in His Fiscal 2022 Spending Plan

That is on top of the $213 billion slated for housing in the infrastructure plan, which could transform an agency relegated to backwater status under…

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How America’s Great Economic Challenge Suddenly Turned 180 Degrees

Container ships stretch far out into the Pacific, waiting days for their turn to unload goods at California ports. Automakers pause production because they can’t…

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