Tag: Recession
Fed has power to push world into recession
The U.S. Federal Reserve holds inordinate sway over the world’s economies – yet it acts, in some ways, like they don’t really matter.
Its power...
Boston Fed’s Collins says ‘modest slowdown’ is possible
WASHINGTON (AP) – Susan Collins, the new president of the Federal Reserve Bank of Boston, said Monday that a higher unemployment rate will be...
JPMorgan CEO says he’s not worried about a recession
PROVIDENCE – Jamie Dimon isn’t worried about a recession.
During a recent visit to JPMorgan Chase & Co.’s Olneyville Chase Bank branch, the CEO and...
It’s still unclear if recession is coming
The U.S. economy added more jobs than expected in June, signaling the labor market remains strong even as the Federal Reserve tries to weaken it to...
A tricky landing ahead for the Fed
The Federal Reserve will likely soon learn what gymnasts already know: sticking a landing is hard.
With inflation surging to a new 40-year high and...
Should Rhode Island gradually increase its minimum wage to $15 an...
The state Senate on Feb. 10 approved a gradual increase in Rhode Island’s minimum wage from $11.50 to $15 per hour by 2025.
Proponents say...
State can help fill PPP gaps
The latest round of Paycheck Protection Program funding has not generated the same frenzy and confusion for local banks or borrowers as occurred last...
Reasons why Biden’s win could be good for economy
On day one, a newly inaugurated President Joe Biden will have to address a devastated economy – much like he and former President Barack...
Is this a ‘K’ recession? Or some other letter?
Recessions – typically defined as two consecutive quarters of declining economic output – are always painful in terms of how they affect our economic well-being. Fortunately,...
What’s worse, the pandemic or the cure?
The coronavirus pandemic catapulted the country into one of the deepest recessions in U.S. history, leaving millions without jobs or health insurance. There is...
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