Top Democratic economist calls out Biden administration for downplaying inflation crisis… Wholesale prices measure rises 9.6%; Fastest pace on record…Fed expected to take very big step toward first rate hike…

Democratic economist Larry Summers, who served as treasury secretary for Bill Clinton and a top adviser to Barack Obama, spoke out against the Biden administration on Monday for its narrative about the inflation crisis. What is the background? The Labor …

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The Fed is effectively “fighting the last war,” BofA global economist Ethan Harris said…. The next recession could come courtesy of the Fed

Federal Reserve officials could be placing too much emphasis on the past when trying to guide the U.S. economy into the future, according to a Bank of America analysis. https://www.cnbc.com/2021/10/21/bank-of-america-says-the-fed-is-playing-with-fire-by-downplaying-inflation-and-needs-a-new-playbook.html Central bankers are in a precarious spot in this chaotic …

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‘Misery Index’ Up Again In June… White House Economist: Most Americans Are Now Losing to Inflation….Job Creator’s Chief Rallies Battle Against Biden’s ‘War On Small Business’

Job Creator’s Chief Rallies Battle Against Biden’s ‘War On Small Business’ The COVID-19 pandemic is ending, but the economy is still sick. Thursday’s second-quarter GDP growth figure significantly missed expectations. Nearly seven million fewer Americans are currently employed than before …

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