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Fed’s Powell Says High Inflation Temporary, Will ‘Wane’

WASHINGTON — Federal Reserve Chair Jerome Powell on Tuesday responded to concerns from Republican lawmakers about spiking inflation by reiterating his view that current price increases will likely prove temporary. Consumer prices jumped 5% in May compared w...

Help Wanted: Labor Crisis Shocks California Restaurants

LOS ANGELES — Sherry Villanueva’s family of Santa Barbara restaurants employed 350 people before the pandemic took hold and darkened dining rooms across California. Now, with the state’s economy officially reopened, about 250 workers are back on the job. Vi...

Iran’s Election Unsettles Biden’s Hope for a Nuclear Deal

WASHINGTON — Biden administration officials are insisting that the election of a hard-liner as Iran’s president won’t affect prospects for reviving the faltering 2015 nuclear deal with Tehran. But there are already signs that their goal of locking in a deal ju...
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