Chair of the Federal Reserve Jerome Powell contradicted Wednesday claims from President Joe Biden’s that “Putin’s price hike” is to blame for record high inflation.

By: David R. Henderson & Casey B. Mulligan – wsj.com – June 22, 2022  Most discussion about the possibility of recession focuses on the Federal Reserve’s monetary policies. But there are also factors on the supply side of the economy that may tip the U.S. economy into a recession. Among them are the tax and regulatory policies of the Biden administration. A...

Biden said in an Associated Press interview that a recession is not inevitable and there’s “zero evidence” his policies drove inflation higher.

By: Kevin D. Williamson – nationalreview.com – June 19, 2022 Fiscal Armageddon is coming — eventually. It is necessary not to be an alarmist about that, but equally necessary not to be naïve about it. Fiscal Armageddon is what will happen when the U.S. government’s debt load exceeds its ability to comfortably service that debt. The U.S. government will face a...

By: The Editors – nationalreview.com – June 13, 2022 As an expression of optimism about the current economy, “peak inflation” has had a far shorter shelf life than “transitory.” May’s headline inflation number of 8.6 percent put an end to hopes that surging prices had peaked with March’s 8.5 percent (in April, the year-on-year increase had declined to 8.3 percent)....

There’s a risk that U.S. price gains could take much longer than expected to fall.

JPMorgan Chase CEO Jamie Dimon is warning investors to be prepared for an economic “hurricane.”

By: Jim Geraghty – nationalreview.com – May 26, 2022 It has the power, but does it have the will? Inflation is not yet, and let’s hope will not be, running as high as it did in the late 1970s and early 1980s, when we hit double digits three years in a row. But it is at its highest level since that...

By: Michael Brendan Dougherty – nationalreview.com – May 25, 2022 Why do our global elites sound like they belong in a bad dystopian movie? Why can’t our leaders imagine anything other than a future of privation and control? Listen, just about everyone seems to have fallen for one conspiracy theory or another. Americans regularly confess as much to pollsters. In 2018, 66...

As one analyst put it, “Target didn’t just miss their quarterly numbers by a little, they missed them by A Lot!” That caused not only shares of Targetstock to crater, it took the whole market with them.