President Joe Biden has picked Federal Reserve Chair Jerome Powell to serve a second four-year term at the helm of the central bank, while nominating Lael Brainard, the only Democrat on the Fed’s seven-member board, to serve as second-in-command at the Fed.
President Joe Biden said on Wednesday that most Americans cannot understand the problems faced by the United States' supply chains, adding that 'not a lot of people' have a clear grasp of the networks and their implications.
French and German health authorities are warning against the use of Moderna's experimental Spikevax Covid-19 vaccine for people under the age of 30 in light of evidence the shot wages higher risk of heart disease.
The United States is likely to see greater inflation risks from record-high housing prices as demand continues to outstrip the number of newly-built homes while bottlenecks in supply chains slow construction, Federal Reserve Governor Michelle Bowman said on Monday.
Although six House Democrats from the progressive wing of the party voted against passage of the $1.2 trillion bipartisan infrastructure bill, House Speaker Nancy Pelosi passed the bill late Friday night with the help of 13 Republicans. Hidden inside the 2,300 pages of this complete boondoggle of a bill are numerous dangerous provisions that would have our founders rolling in their graves.
McDonald's is significantly hiking menu prices this year in order to keep pace with rising wages for employees and the costs associated with America's labor shortage and supply chain crises, according to the Wall Street Journal.
