Inflation

Team Biden denies we’re in a recession — Americans don’t trust government

Why don’t Americans trust the government and other institutions? Maybe it’s because the government and other institutions aren’t trustworthy. There’s certainly plenty of evidence for both the lack of trust and the lack of trustworthiness. And if the trend continues, it bodes poorly for America. The news is bad on the lack of trust. A …

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Biden shrugs off recession talk, talks up fighting inflation

WASHINGTON (AP) — President Joe Biden and his administration went all out Thursday to play down a troubling new economic report that added to the evidence of a recession, trying to pull focus instead to major progress on measures to tame inflation, reduce debt and preserve America’s competitive edge. The desire to accentuate the positive …

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Dollar strength is more worrisome than inflation for Asia, economist says

Exchange rate weakness in the face of a strong US dollar is a bigger concern for Asia than inflation, Taimur Baig, managing director at DBS Bank in Singapore, told CNBC on Thursday. “We’re not particularly worried about inflation driving policy, but exchange rate weakness, dollar cash drying up, those things [are] a bigger issue, [and …

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