Supply Chain Bottlenecks

COVID-19

High inflation? Low polling? White House blames the pandemic

Inflation is soaring, businesses are struggling to hire and President Joe Biden’s poll numbers have been in free fall. The White House sees a common culprit for it all: COVID-19. Biden’s team views the pandemic as the root cause of both the nation’s malaise and his own political woes. Finally controlling COVID-19, the White House

Financial

Fed pulls back economic aid in face of rising uncertainties

If you find the current economy a bit confusing, don’t worry: So does the nation’s top economic official, Federal Reserve Chair Jerome Powell. At a highly anticipated news conference Wednesday, Powell said the Fed was sticking by its bedrock economic forecast: COVID-19 will eventually fade, which, in turn, will enable supply chain bottlenecks to unsnarl.

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