Opinion: The Federal Reserve can’t even get the direction of the economy right

Opinion: The Federal Reserve can’t even get the direction of the economy right

A year ago, the Federal Reserve turned a blind eye to the gathering storm of inflation. Now the Fed is missing another big problem: A rapidly slowing economy. In an effort to appear strong on inflation, the central bank can’t recognize that the economy is already downshifting to a slower growth rate. If it doesn’t … Read more

Mark Zuckerberg issues dire economic warning to Meta employees

Mark Zuckerberg issues dire economic warning to Meta employees

Mark Zuckerberg has issued a chilling message to Meta Platforms Inc. Employees: The company faces one of the “worst downturns that we’ve seen in recent history” that will necessitate a scaling back in hires and resources. The dire economic warning was delivered during an internal videoconference meeting on Thursday for Meta’s META, -0.76% 77,800 workers, … Read more

Opinion: Why are Americans so grumpy about the economy? They’ve never lost so much purchasing power in one year, as the stimulus dries up and inflation boils over

Opinion: Why are Americans so grumpy about the economy?  They’ve never lost so much purchasing power in one year, as the stimulus dries up and inflation boils over

If you want to know why Americans are so grumpy about the economy, let’s start with the fact that despite strong job growth and sizable increases in wages, their incomes are simply not keeping up with inflation. Americans just don’t feel poorer—they are poorer. In fact, they have never lost so much purchasing power in … Read more

COVID-19 and the Women at Work : An Ethnographic Account of Sanjay Colony, Bhatti Mines

COVID-19 and the Women at Work : An Ethnographic Account of Sanjay Colony, Bhatti Mines

Delhi has witnessed a massive disruption of livelihood and economic activities due to COVID-19. With a historical context of an abandoned mine housing refugee families at the contours of the Asola Bhatti Wildlife Sanctuary in Chhatarpur, Sanjay Colony is a slum that is far removed from the everyday hustle of the city. This paper explores … Read more

Fed’s Bullard says US economy should continue to grow in coming quarters

Fed’s Bullard says US economy should continue to grow in coming quarters

The US economy should continue to grow in the coming several months, said St. Louis Fed President James Bullard on Monday, playing down fear of a severe recession that some economists and market pros view as inevitable in the face of the central bank’s war against too-hot inflation. “On GDP growth, I think that the … Read more