Inflation has hit a 40-year high in the U.S., driving up the cost of everything from groceries to housing. As the Fed prepares to raise interest rates, here’s what to watch out for.
Feb 3
A surprise Kennedy Center makeover
In his second term, President Donald Trump has gone on a mission to reinvent the Kennedy Center, the beloved performing arts venue in Washington, D.C.Trump promised to overhaul the center’s programming. He installed loyalists on the board who made him chairman. In December, Trump ... Show More
18m 40s
Feb 2
A teddy bear, an ice skate: What remains from last year's deadly D.C. plane crash
In late January of last year, an American Eagle flight and a U.S. Army helicopter collided above the Potomac River, killing everyone aboard both aircraft. It was the deadliest flight disaster in the U.S. in decades.A year later, families and first responders are reflecting on the ... Show More
15m 19s
Jul 2022
How Expecting Inflation Can Actually Create More Inflation
<p>To fight historic levels of inflation, the Federal Reserve this week, once again, raised interest rates, its most powerful weapon against rising prices.</p><p>The move was intended to slow demand, but there was also a psychological factor: If consumers become convinced that in ... Show More
28m 41s
Jun 2023
Inflation Is Way Down. Is It by Design or Just Luck?
<p>Rapid inflation has been a problem in the United States for more than two years, but the tide appears to be turning. Annual inflation is now less than half of what it was last summer.</p><p>Jeanna Smialek, who covers the Federal Reserve and the U.S. economy for The Times, disc ... Show More
23m 54s