Latest from Rachel Siegel
Once Trump’s ‘enemy,’ Fed emerges as White House ally in rejecting concerns about overdoing stimulus
Meanwhile, prominent economists, Republican lawmakers and some market analysts raise alarm bells about the risks of overstimulating the economy and triggering unwanted inflation.
- Feb 28, 2021
What’s in the House’s $1.9 trillion coronavirus plan
The House on Saturday passed the American Rescue Plan, marking a crucial step towards the White House’s first major piece of legislation.
- Feb 27, 2021
Powell to lawmakers: Economic recovery still has a long way to go
The Federal Reserve chair emphasized the recovery’s remaining holes, while Democrats and Republicans tried to push him on what do to about another stimulus package.
- Feb 23, 2021
From vaccines to masks, Fed’s prescription for the economy ventures far beyond interest rates
Fed leaders are increasingly pointing to vaccines as what’s needed to carry the economy through to the other side.
- Feb 17, 2021
Why some state and local governments are desperate for more stimulus aid
Last year, more than 1 in 20 state government jobs vanished, and tax revenue fell in 26 states.
- Feb 15, 2021
Fed chair: Unemployment rate was closer to 10 percent, not 6.3 percent, in January
In a Wednesday speech, Jerome H. Powell said that the Bureau of Labor Statistics reports that many unemployed individuals have been misclassified as employed.
- Feb 10, 2021
15-hour ‘vote-a-rama’ got Senate Democrats closer to a relief bill. Yet much of the night was anything but.
Among the roughly 45 amendments that were actually considered, the handful that passed at times strayed from the pandemic response.
- Feb 8, 2021
Biden sharpens attack over GOP stimulus approach as Democrats advance plan in Congress
The president has been pushing aggressively for Congress to pass economic relief.
- Feb 5, 2021
Treasury Secretary Janet Yellen and other top financial regulators will convene amid GameStop stock craze
A Treasury Department official said the meeting could take place as early as Thursday.
- Feb 2, 2021
2020 was the worst year for economic growth since World War II
New federal data offers comprehensive snapshot of a year marred by staggering job losses, waves of small-business closures and mounting inequality.
- Jan 28, 2021