On Friday, President Biden attempted to argue that the recently released November’s jobs report showed that “our jobs recovery is going very strong,” despite the report showing worse numbers than economists had predicted. “This year, we can reflect on an extraordinary bit of progress. Our economy is markedly stronger than it was a year ago,
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During a CNN interview, Larry Summers, who was Treasury Secretary under former President Bill Clinton and director of the National Economic Council under former President Barack Obama, warned that the ongoing inflation
Democrat Sen. Joe Manchin (WV) slammed President Biden on Wednesday for Biden previously claiming the inflation crisis was just “transitory.” “By all accounts, the threat posed by record inflation to the American
4.4 million Americans quit their jobs in September, breaking a record set in August, according to new government data. According to a report by the U.S. Bureau of Labor Statistics released on Friday, the
A new analysis from Goldman Sachs warns that the economic damage from inflation will dwarf that of new COVID-19 outbreaks. “Higher-than-expected US inflation recently prompted us to pull forward our forecast for
