The president’s recent comments on Social Security, the deficit and economic growth claim credit where it is not always due. As President Biden and his administration have told it in recent months, America has the fastest-growing economy in the world, his student debt forgiveness program passed Congress by a vote or two, and Social ...

The Federal Reserve, like many central banks, sets policy with an eye on the domestic economy. Its battle to control prices is causing pain abroad. The Federal Reserve has embarked on an aggressive campaign to raise interest rates as it tries to tame the most rapid inflation in decades, an effort the central bank sees as necessary to restore ...

WASHINGTON – The Treasury secretary’s recent comments about rising prices have put the Biden administration on the defensive. At her confirmation hearing in early 2021, Treasury Secretary Janet L. Yellen told lawmakers that it was time to "act big" on a pandemic relief package, playing down concerns about deficits at a time of perpetually ...

The nation’s two most powerful economic policy officials testified together for the first time, reviewing the state of the economic recovery. The economy is healing, the nation's top two economic officials told lawmakers on Tuesday, but workers and businesses will need continued government support to rebound from the pandemic — and one of ...