Fed's Powell vows to battle high inflation to avoid ‘far greater pain’

In a closely watched speech, the Fed chair foreshadowed not only further interest rate increases but also warned that rates might need to stay high for some time to ensure price spikes do not persist.

‘We’re in a housing recession’

The housing market has cooled so much as the Fed withdraws its support for the economy that some analysts say it may be in a slump.

Powell’s warning of ‘pain’ could bring pain on the Fed itself

The government will offer another indication of whether the hurt has already begun when it reports on August unemployment.

G-7 announces price cap deal on Russian oil in win for Yellen

The plan touted by the U.S. Treasury secretary aims to diminish the Kremlin's revenue while preserving the global oil supply.

House Dem campaign chief warns the majority at risk without message reboot

“We’re not trying to hide this,” the Democratic Congressional Campaign Committee's executive director said.

U.S. jobless claims near pandemic low as economy strengthens

Thursday's report from the Labor Department showed that jobless claims fell to 375,000 from 387,000 the previous week.

Biden hails 'strong' economic recovery despite disappointing jobs numbers

Biden laid blame for the sluggish growth of U.S. jobs on the “impact of the Delta variant” of the coronavirus.