How Maryland Democrats are thwarting Wes Moore’s political ambitions

"The operations of his political tentacles are weak," says one Democratic strategist. "His inside political network is weak.”

The Fed's global problem

As the U.S. central banks raises interest rates, the rest of the world is feeling the squeeze.

Powell's inflation miscalculation raises stakes on rate shift

The Federal Reserve chair needs to convince markets he means business when he addresses the landmark conference of economists on Friday.

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.