Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon. Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its way lower, it hasn’t moved quickly enough, and the current state of policy should remain intact. “More recent data shows...
Powell said that while inflation continues to make its way lower, the
Inflation and hiring have been firmer than expected this year, weakening
Summer Lee, the first black woman elected in Pennsylvania to the U.S House of Representatives and a strong progressive voice in Congress, handily defeated a centrist challenger in Tuesday's Democratic Party primary race. Her opponent, Edgewood Borough Councilmember Bhavini Patel, campaigned on Lee's criticisms of Israel and Biden and with the benefit of a PAC funded largely by a Republican billionaire. — Read the rest
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US central banker says ‘recent data have clearly not given us greater confidence’ that inflation coming fully under controlThe Federal Reserve chair, Jerome Powell, cautioned on Tuesday that persistently elevated inflation will probably delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.“Recent data have clearly not given us greater confidence” that inflation is coming fully under control and “instead indicate that it’s likely to take...
Progressive activists have unleashed fury on Democrats after party leaders rallied to pass a bill expanding the government’s chief snooping authority without any major new safeguards for Americans’ privacy.
Fed Powell Says Progress in Reducing Inflation Stalled (Second column, 5th story, link) Related stories:Market fear signals flashing redIMF Steps Up Warning Over Spending and Ballooning DebtThe overlooked threats to global financial system Drudge Report Feed needs your support! Become a Patron
Thousands of fans lined the streets of Hartford, Connecticut, to celebrate the UConn men’s basketball team following its second-straight NCAA championship and sixth in the last 25 years
HARTFORD, Conn. (AP) — Thousands of fans lined the streets of downtown Hartford on Saturday to fete the UConn men’s basketball team following its second straight NCAA championship, its sixth in the past 25 years. The players and coaches paraded on a double-decker bus with an open-air top and lifted the national title trophy from […]
Thousands of fans lined the streets of downtown Hartford on Saturday to fete the UConn men’s basketball team following its second straight NCAA championship, its sixth in the past 25 years.
President Biden won the Democratic primary in Pennsylvania, according to Decision Desk HQ. The incumbent has already crossed the delegate threshold needed to score his party nod, but the win in th