Pensions’ Bad Year Poised to Get Worse
State and local government retirement funds started the year with their worst quarterly returns since the beginning of the pandemic. Things have only gone downhill...
Janet Yellen Faces Challenge to Keep Pressure on Russia, While Addressing Global Consequences
WASHINGTON—How to balance a pressure campaign against Russia with a push to address growing crises like food insecurity will be a central test for Treasury...
A New Global Food Crisis Is Building, World Bank Warns
Illustration by Pete Reynolds Text size About the author: David Malpass is president of the World Bank Group. The war in Ukraine has triggered an...
Fed’s Brainard says inflation is ‘much too high’ with risks it might go even higher
Inflation is running very hot and could move up even higher, necessitating steady interest rate increases and a shrinking of the balance sheet, Federal Reserve...
The World Is Piling on Debt as It Battles Inflation
A surge in food and fuel prices is raising pressure on governments around the world to pick up the tab for consumers, stretching precarious public...
Biden Sticks With Longstanding U.S. Policy on Use of Nuclear Weapons Amid Pressure From Allies
President Biden, stepping back from a campaign vow, has embraced a longstanding U.S. approach of using the threat of a potential nuclear response to deter...
The Fed Needs to Put Its Eye on the Money Supply
As recently as September 2021, half of the Federal Open Market Committee expected no change in the federal-funds rate throughout 2022, and not a single...
Higher Vehicle, Energy Imports Push January U.S. Trade Deficit to New Record
The U.S. trade deficit hit a fresh record in January ahead of the Russia-Ukraine crisis, as imports of vehicles and energy supplies increased while exports...
Russia Set to Ban Commodity Exports Following Western Sanctions
Russian President Vladimir Putin, pictured Tuesday, gave his cabinet two days to create a list of commodities and of countries subject to a new export...
Explosions heard in Kyiv as Russian troops close in on Ukrainian capital
KYIV, Ukraine — Russia pressed its invasion of Ukraine to the outskirts of the capital Friday after unleashing airstrikes on cities and military bases and...