Economy
The Political Scene Podcast
What Biden’s Budget Means for His Reëlection Battle with Trump
The staff writer John Cassidy discusses the evolution of “Bidenomics” and why the President’s successes don’t seem to be resonating with voters.
Our Columnists
What Biden Should Say About the Economy During the State of the Union
With the President’s economic approval rating standing at just forty per cent, it’s imperative for him to highlight some of his substantive achievements and talk about the future.
Our Columnists
An Impressive Jobs Report Shows the U.S. Economy Powering Into an Election Year
Strong employment growth and improving consumer sentiment are good news for any Presidential incumbent seeking reëlection.
Our Columnists
Americans Are Finally Starting to Feel Better About the Economy
Consumer sentiment, among Democrats and Republicans, has jumped sharply in the past two months. That’s encouraging news for Joe Biden.
Our Columnists
The Federal Reserve Is Trying to Catch Up with Falling Inflation
With price increases having greatly moderated, Jay Powell and his colleagues are trying to stick a “soft landing” for the economy.
Our Columnists
The Lessons of Pandemic Inflation
As the inflation rate continues to fall, a new White House study emphasizes the central role that supply-chain disruptions have played in the economy.
Our Columnists
Economists Struggle to Come to Terms with “Immaculate Disinflation”
Experts said that inflation couldn’t be conquered without a lot more economic pain, but it’s happening.
Our Columnists
Yes, We Can Tackle International Tax Evasion, if We Really Try
A new report finds that the amount of offshore wealth shielded from tax authorities has fallen dramatically since the Obama Administration, which pioneered efforts to make countries share banking information.
Our Columnists
Jerome Powell Is Still Puzzling Over the Strength of the U.S. Economy
Even as the Fed chair and his colleagues have raised interest rates to bring down inflation, spending and hiring have picked up recently, and G.D.P. growth looks strong.
Q. & A.
Why Obama’s “Car Czar” Thinks Biden Should Stay Out of the U.A.W. Strike
Last week, Steve Rattner called the President’s trip to the picket line “outrageous.” Whom did he help—or harm—by going?
Q. & A.
How the U.S. Lifted Children Out of Poverty and Then Threw Them Back Into It
After the expanded child tax credit expired, America’s child poverty rate doubled. Why was that policy so successful, and what can be done to fill the gap?
Our Columnists
China’s Economic Miracle Is Turning Into a Long Slog
As consumer prices fall and other signs of weakness emerge, fears are growing that the world’s second-largest economy could be heading toward an extended slump.
Our Columnists
Why the Fall in Inflation Is a Big Deal for the 2024 Election
The positive economic news might give President Biden the political space to make the case for his legislative record without being constantly assailed with cries of “Did you see the price of X?”
Our Columnists
Joe Biden Tries to Change the Narrative on the Economy
The President gave a speech touting his economic record, which is stronger than he has been given credit for.
Our Columnists
Why Isn’t Joe Biden Getting More Credit for a Big Drop in Inflation?
Throughout the past year, the rate at which prices are rising has fallen dramatically, but public perceptions are lagging, perhaps because many prices are still a lot higher than they were in 2020.
Our Columnists
Don’t Believe Donald Trump: A Failure to Raise the Debt Ceiling Would Be Disastrous
The ex-President’s intervention has made a fraught situation even more complicated.
Our Columnists
How Joe Biden’s Economic Ratings Could Rebound with Voters
Strong job growth and falling inflation may still pay off in 2024.
Our Columnists
Deregulating Banks Is Dangerous
As First Republic Bank is sold to JPMorgan, the Federal Reserve relearns some important lessons.
Q. & A.
A Case for Climate Optimism, and Pragmatism, from John Podesta
The veteran political operative now has one of the nation’s top climate jobs. He speaks about the Willow oil-drilling project, the Inflation Reduction Act, and the Biden White House.
Our Columnists
It’s O.K. to Be Confused About This Economy
Even the experts don’t really know where inflation and jobs are headed.