Browsing Tag:economy

powell-says-its-highly-unlikely-the-fed-will-raise-rates-this-year-despite-stronger-economy
Federal Reserve Chairman Jerome PowellKevin Lamarque | ReutersDespite its rapidly recovering economy, Fed chairman Jerome Powell reiterated the central bank's commitment on Sunday to keep monetary policy loose.That includes a near-sure statement that interest rates are going nowhere as inflation remains tame and millions of Americans continue to need help as the nation rebuilds from the damage caused...
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biden-details-2-trillion-plan-to-rebuild-infrastructure-and-reshape-the-economy
WASHINGTON - President Biden will unveil an infrastructure plan on Wednesday the cost of $ 2 trillion would result in 20,000 miles of rebuilt roads, repairs to the country's 10 economically most important bridges, the removal of lead pipes and utilities from the country's water supply, and one Long list of other projects designed to create millions of jobs...
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biden-team-prepares-3-trillion-in-new-spending-for-the-economy
Whether it can muster Republican support depends in large part on how the bill is paid.Officials have discussed offsetting part or all of infrastructure spending through corporate tax increases, including a 21 percent increase in the corporate tax rate and a series of measures to force multinational corporations to pay more taxes in the U.S. on income they earn...
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