Federal Reserve

Biden’s Policies Responsible for Persistent Inflation, ‘Potential Banking Crisis,’ Economist Says

The consumer price index, a key measure of inflation, rose 0.4% in February, up 6% from February 2022, the U.S. Bureau of Labor Statistics reported on Tuesday.

FDIC and Federal Reserve Discuss Creating Fund to Backstop Deposits Following Bank Crash

The Federal Deposit Insurance Corp. (FDIC) and Federal Reserve are discussing creating a fund to backstop deposits if more banks fail following the collapse of Silicon Valley Bank.

Biden Budget Proposes $17 Trillion in Deficits Over Next Decade

President Joe Biden revealed the third budget of his presidency, proposing to spend $6.8 trillion and raise taxes by approximately $5 trillion.

US Jobless Claims Rise by Most in 5 Months

As of the week ending February 25, about 1.72 million people were receiving jobless aid, an increase of 69,000 from the previous week.

The Federal Reserve’s Magic Trick: Big Tech

Now you see it … maybe soon you won’t.

Republicans Allege Biden Admin Wants to Create ‘Surveillance-Style’ U.S. Dollar

House Majority Whip Tom Emmer (R-MN) believes the Biden administration is "currently itching to create a digital authoritarian-style, surveillance-style digital dollar through an executive order.”

The Inflation and Tax Assault on the American People

According to the January report of the Consumer Price Index, price inflation increased by 0.5 percent last month.

U.S. Credit Card Debt Hits Historic High

US credit card debt inched close to a trillion dollars in the fourth quarter of 2022, the New York Federal Reserve Bank said in its quarterly report on household debt, released on Thursday.

Biden and Inflation Added $3.1 Trillion to Federal Deficit, CBO Reports

President Biden and the Democrat-led Congress helped add $3.1 trillion to the federal deficit over the next decade, the Congressional Budget Office said Wednesday, delivering a depressing picture of the government’s finances and the economy.

Inflation Up 6.4% From Last Year, Rising for the First Time in Months, Labor Department

The Consumer Price Index in January increased by 6.4% compared to the same time last year, in what was the highest inflation numbers since October 2022, the Labor Department said Thursday.

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