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The Latest Breaking News from Claudia Sahm

Michael Hiltzik: A panicky Federal Reserve is driving us into an unnecessary recession

Federal Reserve Board Chair Jerome H. Powell snatched the cookie jar out of the stock market's hands on Dec. 14, when he followed up an announcement of a dovish half-point interest rate increase with a warning that the Fed didn't think it had wrung enough inflation out of the economy…

Los Angeles Times

Billionaire investor Bill Ackman says the Fed is ‘no longer credible’ on a key metric—and change is probably coming

Does targeting 2% inflation make sense in our current economic environment? Not if you ask Bill Ackman.

Fortune

Michael Hiltzik: The Child Tax Credit is our greatest antipoverty program. Why is Congress letting it wither?

Here are some documented truths about the federal Child Tax Credit:

Los Angeles Times

From analysis to the latest developments in health,
read the most diverse news in one place.

Latest US inflation data raises questions about Fed’s interest rate hikes

Experts say raising rates ‘isn’t working’ and that the real culprits are corporate pricing, energy costs and supply chain

The Guardian - US

High gas prices hit low-income Americans the hardest

"It can create a cascade of other hardships."

Axios

Why Fed worries about the strongest US job market in decades

Chair Jerome Powell isn’t as pleased with the robust U.S. job market as you might think he’d be, and he and the Federal Reserve plan to do something about it: Take it down a notch

The Independent UK

Michael Hiltzik: These pundits and pols say they're 'done with COVID.' But COVID's not done with us

At a certain level, it's understandable that nearly two years of pandemic-related restrictions have people fed up and desperate to get back to some semblance of normal life.

Los Angeles Times

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