If there is no painless way to combat inflation, as Fed Chair Jerome Powell suggests, then we should at least be honest about who will endure the pain.
Doug Henwood argues that without raising taxes, many leftist policies will come with risks, while Lauren Melodia writes that the GOP is exaggerating inflation concerns.
The $4 billion in federal Covid relief funds coming to the city offers an unprecedented chance to deliver affordable housing, safe schools, and secure neighborhoods. The mayor wants to pay back the banks.
After the ravages of the pandemic, the American economy needs more than stabilizing—it needs to be rebuilt from the ground up. Will Yellen be up to the task?
As a former head of the Federal Reserve and economic adviser to the White House, she is uniquely qualified to take on the current challenges, but she must ensure that the new normal does not represent a return to the old status quo.