The Fed understood even before Congress that the health-crisis of the pandemic and the subsequent economic crisis caused by the shelter-in-place orders and shuttering of businesses, travel and events would easily morph into a financial crisis that could be magnitudes greater than what happened in 2008-2009.
Read moreThe Fed’s Playbook Says Raise Rates. What if That’s an Obsolete Game Plan?
As congressional Republicans prepare to pass their tax bill , the Federal Reserve is about to say goodbye to Janet Yellen as chair. She’s had a good run: The United States and the world recovered from the financial crisis; steady, if unspectacular, growth resumed. Yet now the Fed is in an unusual spot as Jerome Powell takes over.
Read moreHow Uber's 'Invisible' Workforce Could Affect Your Taxes
The “gig economy” is hardly new, but there’s still a yawning gap between the attention it receives and our understanding of how it is—or isn’t—altering the nature of work in America. It may be a Bay Area joke that everyone is either working in the valley or for Task Rabbit, and Uber may be the world’s most valuable startup,
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