Former President Clinton joined her for the milestone. Treasury Secretary Janet Yellen celebrated the 30th anniversary of the federal fund for Community Development Financial Institutions (CDFI) last week.…
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Commerce Department Identifies Critical Sectors for Supply Chain Development
The department will develop action plans to maximize potential and mitigate disruptions The Department of Commerce announced that it has identified critical production sectors that can further develop…
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Jared Bernstein, Chair, Council of Economic Advisers
Jared Bernstein, Chair, Council of Economic Advisers
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White House Economic Advisor Cautiously Optimistic About Economy
He says he expects growth, barring “policy mistake” or “exogenous shock.” White House Council of Economic Advisors Chair Jared Bernstein recently expressed optimism about the U.S. economy, saying…
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United Auto Workers Strike Big Three Manufacturers
The administration sends officials to facilitate progress toward an agreement. The United Auto Workers, the largest union in the nation, began a strike at midnight Friday against America’s…
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President Appoints New Economic Adviser
Lael Brainard was vice chair of the Federal Reserve System. President Biden has named a replacement for Brian Deese as his primary economic advisor. He has appointed Lael Brainard…
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Middle-Class Families Falling Behind Financially
Inflation continues to rise. A new Primerica poll shows that three out of four middle-class households report falling behind as the cost of living continues its increase. The…
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White House Economist Discusses Recession Threat
U.S. is equipped for downturn, he said. America’s gross domestic product (GDP) shrank by 1.4 percent in the first quarter of 2022 after posting significant gains to round…
Read MoreInflation Rises to 8.5 Percent in March
Greatest increase in 41 years. The latest Consumer Price Index numbers show inflation is climbing even higher, making it more difficult for Americans to pay their bills and…
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Russian Invasion of Ukraine Impacts American Economy
White House adviser says the biggest concern is rising gas prices. Cecilia Rouse, the chair of the White House Council of Economic Advisers, stated that Russia’s invasion of…
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