inflation

Economy

Fed’s Powell downplays delta variant’s threat to the economy

The spread of the COVID-19 delta variant is raising infections, leading some companies and governments to require vaccinations and raising concerns about the U.S. economic recovery. But on Wednesday, Federal Reserve Chair Jerome Powell injected a note of reassurance, suggesting that the delta variant poses little threat to the economy, at least so far. “What

Social Security

Congressman Gosar Introduces the No Tax on Social Security Act of 2021

Congressman Paul A. Gosar, D.D.S. (AZ-04) issued the following statement after introducing the No Tax on Social Security Act of 2021. This legislation would change current tax policies by excluding Social Security benefits from being counted as annual gross income and subject to taxation. “The decision by Congress to tax Social Security benefits in 1983

Opinion

Opinion: Want To Avoid Inflation? Let’s Build.

Any economic historian of the 20th century will understand the terrible impact inflation can have on an economy. Where it’s too high, it will destabilize consumer confidence, reducing spending in an economy. This means less growth, more unemployment, and higher poverty. Given the huge increases in the supply of money to help sustain the economy throughout the

Business

Stocks sink again on Wall Street as inflation worries mount

Inflation worries rattled Wall Street Wednesday, pulling the Dow Jones Industrial Average more than 680 points lower and placing the major stock indexes on track for their worst week in more than six months. The selling came as investors reacted to a surprisingly big jump in inflation last month that stoked concerns that the economy

Economy

Opinion: Congress Should Avoid Spending-Induced Inflation

As the country emerges from the lingering pandemic, the U.S. economy is rebounding and revved-up for a 2021 boom. Texas and Mississippi are among states to recently lift business restrictions broadly—a trend others will likely follow in the weeks and months ahead. Unshackling businesses and giving consumers the thumbs-up to resume usual commerce will unleash

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