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Opinion | War, Inflation and Squandered Credibility

Putin obviously doesn’t have similar concerns.His Wednesday speech was full of apocalyptic rhetoric, portraying Russia as a nation under attack by the whole West. But he didn’t announce the kind of full-scale mobilization that rhetoric would seem to imply. Instead, he announced a series of half-measures that defense experts doubt will do much to…
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The Fed Intensifies Its Battle Against Inflation

Federal Reserve officials, struggling to contain the most rapid inflation in 40 years, delivered a third big rate increase on Wednesday and projected a more aggressive path ahead for monetary policy, one that would lift interest rates higher and keep them elevated longer.The Fed raised its policy interest rate by three-quarters of a percentage…
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