After working with a generally cooperative Congress over the previous two years, Federal Reserve Chair Jerome Powell now confronts escalating tensions over his policies, as Democrats warn of job losses and Republicans continue to emphasize the significance of price stability.
Category: Economy
Under Biden, The Fed’s Attempts To Control Inflation Have Led To Massive Layoffs In The IT Industry
Amazon has become the latest technological corporation to lay off staff, whom it had only recently fought to keep. This year, the e-commerce behemoth more than quadrupled the cash compensation threshold for its tech staff, citing “an extremely competitive labor market.”
Money, And Inflation Big Problems For Democrats
Inflation-Focused Voters Resist Biden’s Attempt to Change the Subject Efforts by the president and his supporters to divert the debate to labor market recovery, and other accomplishments are failing to gain momentum.
Biden’s Secret Oil Deal That Went South
President Biden’s top advisers believed they had reached a secret agreement to increase oil production through the end of the year during his politically risky trip to Saudi Arabia this summer. Despite…
New Biden Labor Regulation Affects Gig Economy
The U.S. Department of Labor proposed a regulation that would make it harder for companies to classify workers as independent contractors, a shift likely to shake up the business models of ridesharing, delivery, and other industries that rely on gig workers.
Biden’s Foreign Policy Will Cause Great Harm To The U.S.
Former Secretary of State Mike Pompeo labeled President Biden’s rapidly infamous Armageddon remark regarding the nuclear threat posed by Russia as “reckless” and perhaps one of the biggest foreign policy blunders of the last several decades on Sunday.
Under Biden US Deficit Soars to New Heights
The US national debt has surpassed $31 trillion for the first time in history. According to Treasury Department figures issued on Tuesday, the total national debt as of Monday was $31.123 trillion.
Under Biden’s Administration, Electric and Gas Bills Soar
Utility users in the United States, who are already facing some of the highest bills in years, are expected to spend considerably more this winter as natural-gas prices continue to rise.
Chicago Mayor Still Busing Migrants from Texas
Texas migrants dropped off at Union Station in Chicago’s city center were taken by bus to another suburb. This time the location they were then taken to the suburb of Elk Grove Village. This marks the 2nd bus load of migrants that have now been relocated from Chicago.
How Biden’s Policy Will Make Oil Expensive for Decades to Come
As soon as Mr. Biden took office, he ordered an indefinite freeze on new leases, and the Interior Department demanded extra evaluations of drilling licenses for the following sixty days. Since then, the administration has only attempted one offshore sale, which a judge ruled unlawful in January. It restarted onshore leasing this summer after a federal court in Louisiana ruled in June 2021 that the president’s suspension was illegal.
