Recession

Fed Facing New Tension Due to a Republican-Controlled House

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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.

Under Biden, The Fed’s Attempts To Control Inflation Have Led To Massive Layoffs In The IT Industry

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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.”