The much-vaunted target is stupidly low—and not the most important economic indicator of the moment.

Federal regulators know when banks are teetering. They issue warnings—but little else. And the banks ignore them anyway.

Jay Powell? The Fed? Joe Biden? Congress? The one percent? No, no, no, no—and definitely no.

Before the SVB collapse, Powell was taming inflation without harming the U.S. economy. Now it’s fair to ask whether Biden should fire him.

Here’s what exactly the Fed Reserve rate hike means for you.

More on what exactly the increase in the interest rate means

There’s even a growing possibility we can avoid a recession.

Voters are focused on the problem that’s getting better and tuning out problems like abortion access and Republican extremism that are getting worse.

Politicians warn that we’re headed back to the 1970s. Is the fearmongering just an excuse for punishing interest-rate hikes and a revival of the same pro-business, anti-worker policies that failed us before?

Americans will feel the pain of skyrocketing rates, but so will indebted countries of the global south that are already struggling to withstand global warming–fueled disasters.

The Federal Reserve has only one tool to stem inflation. Congress has many. Why are politicians so reluctant to use them?

Global warming is introducing unprecedented risk into the financial system. The Fed has the power to limit that risk. Instead, Jerome Powell is sitting on his hands.

Covid initially drove wages up, especially for working-class people. But that’s over—another illustration of capital’s dethronement of labor.

In an interview with The New Republic, the Ohio Democrat was keen to remind: “Fifty Republicans voted against the child tax credit twice.”

Sarah Bloom Raskin won’t be joining the central bank, thanks to Joe Manchin and the GOP. But the pressure on Fed Chair Jerome Powell from Democrats and climate activists will only grow.

Thursday’s Senate Banking Committee confirmation hearing is shaping up to be a contentious fight over the Fed’s power to fight climate change.

Journalist Christopher Leonard’s new book, “The Lords of Easy Money,” follows the unintended consequences of quantitative easing.

The reconciliation bill remains the prize, and not picking a potential fight with Joe Manchin helps Democrats keep their eyes on it.

Having the Treasury issue a $1 trillion coin could both resolve debt ceiling problems and pave the way for the kind of spending needed to address the climate emergency.

The country is in desperate need of a massive economic recovery program. The incoming administration shouldn’t hold back.