Jerome Powell, chairman of the US Federal Reserve, takes a question during a news conference … [+] following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Dec. 14, 2022. Photographer: Al Drago/Bloomberg © 2022 Bloomberg Finance LP Short-term interest rates will be announced at the […]
us economic news
CNN begins layoffs in what CEO says will be a ‘gut punch’ to the network
New York CNN Business — CNN on Wednesday informed employees that layoffs had commenced, a move that is expected to impact hundreds of staffers at the global news network and mark the deepest cuts to the organization in years. Chris Licht, who took over as chief executive of the network […]
Tech layoffs, including at Amazon and Meta, signal slowing economy but not a recession yet
Comment on this story Comment Tech company layoffs are not expected to prompt a tsunami of job losses in other industries, but they are another sign of a cooling economy more broadly, economists say. Facebook parent Meta announced that more than 11,000 employees would be laid off. Twitter is slashing […]
The timing of economic policy
A reader recently suggested I write about the speed with which government policy can affect the economy. I’ve only lightly touched on this topic before, but it is both timely and interesting, and rich with theory and empirics. The best place to begin is with a timeless warning about the […]
POLITICO Playbook PM: Bad economic news comes in threes
By GARRETT ROSS 10/05/2022 01:03 PM EDT Updated 10/05/2022 02:08 PM EDT 2022-10-05T02:08-0400 BREAKING — @kyledcheney: “Appeals court *grants* DOJ motion to expedite appeal of Judge [AILEEN] CANNON’s order appointing special master to oversee seized Mar-a-Lago docs.” Stick with Kyle for more Today’s news could precede more pain at the […]