Janet Yellen’s Learning Curve – WSJ
When Janet Yellen testified before a congressional commission almost a decade ago about the 2007-2009 global financial crisis, an interlocutor noted that she seemed to...
China Nods to Even Tighter Ties With Russia in Xi Jinping’s Third Term
World Asia China Beijing eager to deepen relationship with Moscow ‘at all levels,’ China’s foreign minister says in call with Russian counterpart [ad_2] Source link...
America Could Face Its Own Gas Crisis, or Worsen Europe’s
The summer heat isn’t quite over in the U.S., but a peek at domestic natural-gas stockpiles is a chilling reminder of price spikes that could...
China, India, Syria and others to link up with Russia next month for sweeping war games
MOSCOW (AP) — Russia said Monday it will launch sweeping military drills in the country’s east that will involve forces from China — a show...
The Fed Can’t Print More Workers
The Federal Reserve is raising rates, the U.S. economy is weakening and recession talk is on the rise. But the biggest impediment to the job...
Larry Summers Nailed Inflation. But Is He Right on What Comes Next?
In February 2021, Larry Summers was right and I was wrong. The former Treasury secretary warned that President Biden’s stimulus package was far too large...
IRS Is Falling Further Behind on Tax-Return Backlog, Watchdog Says
WASHINGTON—The Internal Revenue Service faces daunting mathematical and logistical challenges in its attempt to largely eliminate its tax-return backlog by the end of 2022, an...
Japan Adopts View That Huge Government Debt Doesn’t Matter
TOKYO—When Japan’s leader released his economic vision Tuesday, he left out an important date. Prime Minister Fumio Kishida deleted a pledge from earlier government statements...
Global Inflation Could Bring a Worldwide Depression, George Soros Says
Text size George Soros, speaking in Davos on Tuesday. Fabrice Coffrini/AFP/Getty Images DAVOS, SWITZERLAND—There is trouble brewing in China that may cause a global depression,...
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...