President Joe Biden is officially one year into his presidency, but while his administration worked to combat COVID, inflation, and immigration challenges in 2021, American approval began to fall. Gallup polling reflects a 17 point drop in his approval rating from January 2021 to January 2022. According to Gallup’s polling, he entered office with 57…

President Joe Biden wrapped up the last day of his first year in office taking questions from 30 reporters in a White House news conference. It marks just the 10th news conference Biden has held in his first year as president. For comparison, former President Donald Trump held 21 news conferences in 2017 alone, according…

He’s telling lies and criticizing members of his own party, so it’s no surprise President Biden’s approval ratings are dropping to catastrophic levels. The recent Quinnipiac poll shows the president’s approval at 33% overall, 25% among independents, 28% among Latinos, and 24% approval with young Americans.  There’s a laundry list of reasons for these low numbers,…

Just when the U.S. was starting to see improvements in the supply chain, small COVID outbreaks in China resulting in big shutdowns threaten to wreak havoc on the world economy. “Particularly if China sticks to a no-COVID policy, Omicron can really disturb supply chains again,” Federal Reserve Chair Jerome Powell said on January 11. With…

Federal Reserve Chair Jerome Powell was finally confirmed Thursday to a second term after a three-month delay. He’s led the central bank since 2018, after then-President Donald Trump nominated him to the position. President Joe Biden renominated him last year but the Senate dragged on the confirmation process as inflation reached its highest level in…

According to two Labor Department reports released Thursday, on producer prices and weekly unemployment respectively, the United States is still struggling to deal with the economic effects of COVID-19. According to the department’s latest Producer Price Index, prices at a wholesale level increased 9.7% in 2021. The department noted that is “the largest calendar-year increase…

Pressure is mounting on the Democrats with the all-important mid-term elections getting closer every day, and they aren’t doing themselves any favors. A number of people on the left are retiring, putting the Democratic Party at a real disadvantage. That creates open seats, increases the opportunities, stretches their resources.  Even if it’s a democratic seat, the…

According to the Labor Department’s latest Consumer Price Index report released Wednesday, consumer prices increased 7% between December 2020 and December 2021. That’s the highest year-over-year inflation rate since 1982. In December, consumer prices rose 0.5% over November 2021 levels. However, that is slight decrease from the 0.8% rise reported between October 2021 and November 2021.…

Months of high inflation was just one of the topics that Federal Reserve Chair Jerome Powell discussed in front of the Senate Banking Committee Tuesday. The hearing was scheduled to consider Powell for four more years as the head of the Fed. President Joe Biden announced he was nominating Powell for a second term last…

In a note to clients published Sunday, the chief economist of Wall Street bank Goldman Sachs predicted the Federal Reserve would raise its benchmark rate four times in 2022. That’s one more time than the bank had previously projected, and one more than what the Fed itself predicted last month. Previously, rate hikes were expected…