Democrats should have celebrated America’s stunning economic success–but they were intimidated by progressives
The elitist Biden and Harris advisors bought into the false Trump economic narrative rather than confidently and clearly explain the actual economic facts.
America solved veterans’ unemployment within a decade—but ‘underemployment’ continues to hold back their talents
With national unemployment rates at historically low levels, veteran unemployment is now even lower, dropping to 2.8% last month.
The great Russian butter robbery—and what it reveals about Putin’s wartime economy
The price of a butter slab has spiked 26% since December, reflecting how inflation is unraveling for the average Russian in Vladimir Putin's war economy.
'Blinders on' but be prepared: In 2016, Fed took note of Trump's plans
Within weeks of Donald Trump's 2016 election, U.S. Federal Reserve policymakers began mulling the impact of expected tax cuts and tariffs on the economy, penciling in rough estimates of what was to come, with some among them concluding higher interest rates may be needed to keep inflation in check. That included Jerome Powell, then a Fed governor and now the central bank's chair with chief responsibility for setting the course of monetary policy through the first 16 months of Trump's next term. The Republican former president defeated Democratic Vice President Kamala Harris in last Tuesday's election and will be sworn into office in January 2025.
US inflation progress gets harder in last mile down
(Bloomberg) -- US inflation probably moved sideways at best in October, highlighting the uneven path of easing price pressures in the home stretch toward the Federal Reserve’s target.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThe core consumer price index due on Wednesday,
Australia Faces Economic Pain From Trump Win, Treasurer Warns
(Bloomberg) -- Australia faces the threat of short-term economic pain in the form of reduced output and further inflation pressures as a result of incoming US President Donald Trump’s policy agenda, according to Treasurer Jim Chalmers.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, Immigra