For the Federal Reserve, this time really is different. Having learned a hard lesson in the last recovery — don’t tighten monetary policy too early — the central bank is leaning in the opposite direction. In practice, that means the Fed will not just emphasize actual inflation over forecasted inflation, but will also attempt to push the inflate rate above ...

Bloomberg Oregon sued the US over the detention of residents during anti-racism protests in Portland, shortly after a judge ruled that journalists alleging local police had assaulted them could add federal agents to their own lawsuit. In her suit against the Department of Homeland Security, the US Marshals Service and other federal agencies, Oregon Attorney General Ellen Rosenblum alleges they ...

Bloomberg Democratic presidential nominee Joe Biden predicted that big wins for his party in November could lead to an “epiphany” that convinces Republicans to join Democrats in pulling the country out of crisis. “If we win as big as we possibly can, there’s going to be a great, great epiphany that’s going to take place, as we Catholics say,” Biden ...