Texas A&M University president M. Katherine Banks resigned Thursday amid controversy over the school’s failed attempt to hire a new professor to lead its journalism program.
US wages have been on the rise, but it sure hasn’t felt like it. For more than two years, persistent and pervasive inflation has taken big bites out of Americans’ paychecks.
The resiliency of the US economy is defying expectations and the odds of a “soft landing” are improving, said Lael Brainard, President Joe Biden’s top economic adviser, on Wednesday afternoon.
When it comes to the job market, the Federal Reserve seems to want the latest data to bear bad news for the average American. But with inflation, the Fed is rooting for good news.