The Fed’s Powell is squeezing the global economy
The Fed’s interest rate hikes have fueled market turmoil by boosting the value of the dollar and feeding higher borrowing costs.
The Fed’s interest rate hikes have fueled market turmoil by boosting the value of the dollar and feeding higher borrowing costs.
Fed Chair Jerome Powell has pledged to do whatever it takes to curb inflation.
Despite the signs of moderating price increases, inflation remains far higher than many Americans have ever experienced and is keeping pressure on the Federal Reserve.
As nuclear powers ratchet up tensions around the Ukraine war, the U.S., NATO and Russia are carrying out nuclear war games. Meanwhile, anti-nuclear activists are calling on lawmakers and world leaders to “Defuse Nuclear War.” Their calls come on the 60th anniversary of the Cuban Missile Crisis. “The Kremlin is making nuclear threats that are completely reckless. At the same time, there are things that the U.S.
The former vice president has declined to reveal whether he’s running for president in 2024.
Former National Security Counsel director Fiona Hill became a household name during her deposition for Donald Trump’s first impeachment. Her fearless, straightforward, no-nonsense testimony on both Trump’s actions and diplomatic issues has made Hill one of the nation’s most respected experts on international relations, especially when it comes to all things Russia.
Rep. Val Demings of Florida ain’t playing in her bid to flip Florida’s Senate seat. The former Orlando police chief was uniquely suited to tackle head on two of this cycle’s top issues—abortion and crime—and she used them to wipe the floor with her Republican rival, Sen. Marco Rubio, at their sole debate Tuesday night.
Police found three firearms inside an illegally-parked van near the U.S. Capitol on Wednesday, officials said.
Democratic Rep. Katie Porter of California has done the never-ending yeoman’s work of explaining how our country’s economic system is fraught with inequality, corruption, and a ferocious lack of accountability.
Amazon seems to be pushing toward a future in which every American has worked for the company … and hated it. According to leaked documents obtained by Engadget, attrition is costing Amazon $8 billion a year. That’s not just warehouse workers—people at every level, up to vice presidents, leave Amazon in staggering numbers.
A Black man shown on video being brutalized by two deputies with the Los Angeles County Sheriff’s Department is facing a charge of assault on a police officer—even though Blake Anderson, the man who was beaten, ended up losing sight as a result of his injuries, an investigative journalist reported.
Ten days after the racist audio leaked, Kevin de León and Gil Cedillo show no signs of heeding demands to resign.
The former attorney to Donald Trump has already provided House investigators with a trove of communications related to last year’s historic attack.
Carroll, a magazine columnist, says the former president raped her in the mid-1990s in a department store dressing room.
This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here.Earlier today, I posed a question to my colleague Russell Berman on Slack: What should we expect if—or is it when?—Republicans retake the House in the midterms? Here is the spirited chat that followed.But first, here are three new stories from The Atlantic.
Last week, just a couple of hours into a house-sitting stint in Massachusetts for my cousin and his wife, I received from them a flummoxed text: “Dude,” it read. “We are the only people in masks.” Upon arriving at the airport, and then boarding their flight, they’d been shocked to find themselves virtually alone in wearing masks of any kind.
This is an edition of Up for Debate, a newsletter by Conor Friedersdorf. On Wednesdays, he rounds up timely conversations and solicits reader responses to one thought-provoking question. Later, he publishes some thoughtful replies. Sign up for the newsletter here.Question of the WeekA child born today will turn 18 in 2040.
Here’s a very popular tweet: “she’s a 10 but she cries on her birthday every year.”Solid. Concise. I can see why people would relate to the sentiment. Who doesn’t want to think of themselves as hot? And further, who doesn’t already think of themselves as emotionally complicated enough to shed a tear on a day that is supposed to be happy? Nearly 246,000 accounts liked this tweet, and I have no problem with that.
As President Biden vows to codify abortion rights if Democrats can control Congress after the midterms, we speak with Democratic Congressmember Cori Bush, who faces reelection this November as a first-term Democrat in Missouri, where abortion was banned after the Supreme Court overturned Roe v. Wade in June. She just wrapped up a “Roe the Vote: Reproductive Freedom Tour.
We get an update from immigrant justice advocate Guerline Jozef, who is in Mexico to look at the impact of the Biden administration’s expansion of Title 42 to turn away Venezuelan asylum seekers at the U.S.-Mexico border. The Trump-era policy lets the government expel asylum seekers on public health grounds. “It is unacceptable today for the government to try to expand Title 42, and forcing people to continue to die,” says Jozef.
Protests are growing in Port-au-Prince as thousands fill the streets to demand the U.S.-backed Prime Minister Ariel Henry resign after he announced he would raise fuel prices amid an already dire humanitarian crisis. Countries including the U.S. and Canada have sent military equipment to assist the Haitian police in cracking down on the unrest, and the U.S.
A new POLITICO/Morning Consult poll suggests economic woes are taking a toll on the electorate.
New strains seem to evade treatments used for vulnerable patients — and could complicate the latest White House messaging strategy on Covid.
A ballot initiative years in the making asks voters whether the state constitution should protect abortion rights.
The years-long effort to yank the drug’s approval offers a case study of the agency’s accelerated approval program, which green-lit Makena in 2011.
It’s a rare moment for a Fed chair to toss aside all political considerations and ignore frantic investors.
The Fed’s interest rate hikes have fueled market turmoil by boosting the value of the dollar and feeding higher borrowing costs.
Fed Chair Jerome Powell has pledged to do whatever it takes to curb inflation.
Despite the signs of moderating price increases, inflation remains far higher than many Americans have ever experienced and is keeping pressure on the Federal Reserve.
The plan touted by the U.S. Treasury secretary aims to diminish the Kremlin’s revenue while preserving the global oil supply.