Jeanna Smialek and Madeleine Ngo

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Biden Administration Plays Down Growth Decline in G.D.P. Report

The administration emphasized strength in consumer spending, even as Republicans blasted its management of the economy.

Fed Chair Powell Calls a Faster Pace of Rate Increases ‘Appropriate’

Jerome Powell spoke at a moment of high inflation and economic uncertainty amid the war in Ukraine.

Fed Chair Powell Calls a Faster Pace of Rate Increases ‘Appropriate’

The Federal Reserve chair spoke at a moment of high inflation and economic uncertainty amid the war in Ukraine.