Martin Crutsinger

AP Economics Writer

I Stock 1066926782

Industrial Output Falls Unexpectedly Amid Supply Issues

Many economists had expected a small increase as factories recovered.

Subaru dealership in Littleton, Colo., Sept. 12, 2021.

Industrial Production Rebounded in October

Automakers, stung by supply chain problems, posted a strong increase.

Containers stacked at the Port of Long Beach in Long Beach, Calif., Oct. 1, 2021.

U.S. Manufacturing Growth Slows in October

The sector experienced growing headaches from supply chain bottlenecks and labor shortages.

Kristalina Georgieva, managing director of the International Monetary Fund, delivers a speech in Rotterdam, Netherlands, Sept. 6, 2021.

IMF Board Expresses Confidence in Leader

She faced allegations related to data-rigging at the World Bank.

Federal Reserve Board Chair Jerome Powell at a Senate hearing, July 15, 2021.

Fed Chairman: No Returning to Pre-Pandemic Economy

The pandemic, he said, appears certain to permanently "change the nature of work and the way work gets done."

The California Employment Development Department in Sacramento, Dec. 18, 2020.

U.S. Economy Surpasses Pre-Pandemic Size

Fueled by vaccinations and government aid, the economy grew at a 6.5% annual rate last quarter.

IMF Managing Director Kristalina Georgieva at the Financing of African Economies Summit, Paris, May 18, 2021.

IMF Forecasts 6% Growth as Economies Reopen

But the agency downgraded its forecast for poorer countries, most of which are struggling to vaccinate.

Inflation, a No-Show for Decades, Threatens to Return

Price increases have sparked fears that the quickening recovery could trigger runaway inflation for the first time in a generation.

A poster displayed on the International Monetary Fund building, April 5, 2021, Washington.

IMF Panel Endorses $650B Increase in Resources

Officials hope to provide more support for vulnerable countries battling the coronavirus pandemic.

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill, Dec. 1, 2020.

Powell Says Economy Recovering but Fed Support Still Needed

Although the recovery appears to be strengthening, there are still many pockets of weakness in the U.S. economy.

People check in at a food bank held at Los Angeles Boys & Girls Club, Lincoln Heights, Los Angeles, Dec. 17, 2020.

US Economy Shrank 3.5% in 2020

The decline was the largest in 74 years.

Former Fed Chair Janet Yellen during an appearance on Fox Business Network in Washington, Aug. 14, 2019.

Yellen Urges Congress to Do More to Fight Pandemic Recession

The Treasury Secretary nominee said the nation risks "long-term scarring of the economy" without further action.