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Inflation Has Arrived, but Washington Isn’t Racing to Limit Price Pops

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Policymakers, now more attuned to the costs of choking off growth early, are sticking by a patient approach as prices rise.

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Senators and Biden Aides Struggle to Save Bipartisan Infrastructure Deal

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A looming deadline and a last-minute need for a new revenue source are complicating a deal that was announced nearly a month ago.

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Federal Reserve Chair Testifies Before Congress

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Jerome H. Powell told senators that price gains should fade, but he made it clear that the Fed is watching them carefully.

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Inflation Likely to Remain High in Coming Months, Fed Chair Powell Says

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Price gains are up “notably,” Jerome Powell told House lawmakers. That’s because of several temporary factors.

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