Powell to Address Economic Outlook at Jackson Hole

The Fed chairman’s comments will be closely watched for signals on how the central bank could manage a series of difficult trade-offs as it seeks to bring inflation down from a 40-year high.3 min read

• Spending Report to Show State of U.S. Consumer Facing High Inflation

Student-Loan Plan Ignites Debate Over Inflation, Budget Risks

The move to cancel up to $20,000 in student debt for millions of borrowers will have economic consequences, including on inflation, consumer behavior and government budgets, though the degree of those effects is uncertain.5 min read

• Loan Forgiveness Could Test Legal Powers
• Plan Refunds Borrowers Who Paid During Pause
• Podcast: Breaking Down the Debt Relief

Biden Urged to Act Swiftly on Ukraine Nuclear Plant

A bipartisan letter from dozens of experts and former officials called on the U.S. president to make the deteriorating situation at the Zaporizhzhia plant an administration priority and demand an immediate inspection by the IAEA.

Biden Cancels Up to $20,000 in Student Debt for Millions

The president’s executive order will provide unprecedented relief for tens of millions of Americans but is certain to draw legal challenges and political pushback.6,906Long read

• What to Know About the Student Loan Forgiveness Plan

Musk-Twitter Legal Fight Complicated by Whistleblower Complaint

Allegations by the platform’s former head of security may open new legal pathways in Elon Musk’s effort to abandon the $44 billion takeover.6 min read

• Twitter, Musk Lawyers Battle in Court
• Whistleblower Warned of Cyber Disasters for Decades
• SEC Whistleblower Awards Program Might Have a Revolving-Door Problem, Study Says

U.S. Natural-Gas Prices Hit Shale-Era Highs

The 14-year highs reached this week by U.S. natural-gas futures show the unceasing demand for U.S. shale gas across the Atlantic—and likely point to higher prices ahead.

After Six Months of War in Ukraine, Momentum Tilts Against Russia

Moscow retains a firepower advantage, but Kyiv is starting to take the initiative, while Western support for Ukraine is holding firm despite economic pain.

• Russia and Turkey’s Deepening Ties Prompt Concern
• Strikes in Crimea Disrupt Russia’s Broader Strategy
• Russia Blames Ukraine in Killing of Putin Ally’s Daughter