Central bankers are lowering borrowing costs, but that won’t be a cure-all for a widespread lack of affordable housing.
Author: Jeanna Smialek
Claudia Goldin Wins Nobel in Economics for Studying Women in the Work Force
Her research uncovered the reasons for gender gaps in labor force participation and earnings. She is the third woman to win the prize.
The Painful Path to Fight Inflation
The government’s plan to fight inflation could cost jobs and restrict wage growth.
A Key Inflation Gauge Is Still Rising, and War Could Make It Worse
The Federal Reserve’s preferred measure is at a four-decade high. Rising gas prices tied to Russia’s invasion of Ukraine could push it up further.
Federal Reserve Isn’t Likely to Change Course After Ukraine Invasion
Central bankers are poised to raise interest rates in March. The Russian invasion of Ukraine poses a risk to economic growth but will likely exacerbate inflation.
Inflation’s Worldwide Surge May Be a Good Sign
Inflation has surged across advanced economies. The shared experience underlines that price gains come from temporary drivers — for now.
Ambassador Tai Outlined Biden’s Goal of Worker-Focused Trade Policy
The U.S. trade representative called for stronger worker protections in trade policy as the administration looks to curb the negative impact of globalization.
Nobel Economics Prize Goes to Pioneers in Reducing Poverty
Three professors, Abhijit Banerjee and Esther Duflo, both of M.I.T., and Michael Kremer of Harvard, were honored.