Powell: Fed may pull back economic support more quickly as prices spike
Powell’s comment came after the Fed already announced earlier this month that it would slow the pace at which it buys U.S. government debt and mortgage-backed securities.
Powell’s comment came after the Fed already announced earlier this month that it would slow the pace at which it buys U.S. government debt and mortgage-backed securities.
Hello Friday, folks! The weekend is here. If you need to do last-minute shopping for holiday events, make sure you wear a mask and wash your hands! The only time I ever hope that there is a hell is when I think about rich people like Sen. Joe Manchin whose self-absorbed cynicism is so grotesque that they are willing to allow children to slip into poverty to service their ego. Oh, and millionaire insider trader David Perdue is back.
To most of us, Kanye West’s short-lived presidential run was just one more sideshow to the existing circus surrounding everything former President Donald Trump touched in 2020.
West was largely dismissed, and some even felt that perhaps he was going through a mental health crisis and tried to simply look the other way at much of what he said and did, dismissing it as symptoms of an illness.
In a devastating development for thousands of children and parents who were forcibly separated and traumatized by the previous presidential administration, the Justice Department has ended settlement talks with families who have filed legal action against the federal government. The department claimed in a statement that while parties were “unable to reach a global settlement agreement at this time,” it was still open to future talks.
Calls for the resignation of a Massachusetts city council member continue after the discovery of an anti-Asian Halloween costume she once wore. Asian American and Pacific Islander (AAPI) activists in Malden, Massachusetts, are urging Jadeane Sica to step down after a photo from 2019 resurfaced last month showing the woman wearing an Orchids of Asia T-shirt and a bamboo hat while holding a bottle of lotion, NBC News reported.
As Republicans continue to find fresh energy to push discriminatory anti-trans legislation, following the news can feel pretty frustrating and depressing. With that in mind, it’s important to celebrate every win we can. A recent example comes to us from the suburbs of Kansas City, Missouri, where an openly trans former student was awarded more than $4 million in damages on sex discrimination charges, as reported by The Los Angeles Blade.
A federal appeals court panel allowed Biden’s COVID-19 vaccine mandate for larger private employers to move ahead.
Among his ramblings was the claim that Jewish Americans “don’t care about Israel” and Jewish people used to have “absolute power over Congress.
Sign up for Conor’s newsletter here.Earlier this week, I highlighted a debate about the merits of the Slow Food movement and asked readers to share any contested opinion about food or foodstuffs that they happen to hold.Some correspondents took aim at particular foods. “Green beans are chalky garbage,” Molly asserted, “and no, I don’t think that just because I haven’t had them the way you prepare them.
The finale for HBO’s third season of Succession opens with a family session of Monopoly, a game that offers the perfect summary of the show: Players fight to be the last one standing—trading advantages and risking jail—going around the board over and over without a clear end in sight.
Capitol rioter Robert Scott Palmer, known to online sleuths as #FloridaFlagJacket, was arrested by the FBI 12 days after he was named in a HuffPost story.
In 2015, the journalist authored articles about the former president’s hang-up with where he landed on the magazine’s annual list of wealthiest people.
Phylis Mitchell is a woman who is transformed, through the magic of the holidays, into a drill sergeant. Early on in The Christmas House, an already classic Hallmark rom-com, she enlists her husband and two adult sons in her mission to revive an old family tradition: creating the aggressively festive home that gives the movie its title. Phylis (played by Sharon Lawrence) devotes herself to the cause with comic zeal.
“Can’t wait to tell my grandkids i was here!” Gracyn Courtright posted on Instagram on Jan. 6.
Updated at 12:00 p.m. ET on December 17, 2021A lot has changed for Omicron in just two weeks. At December’s onset, the variant was barely present in Europe, showing up in 1 to 2 percent of COVID cases. Now it’s accounting for 72 percent of new cases in London, where everybody seems to know somebody with COVID. In the U.K. and Denmark, Omicron case numbers are doubling every other day.
Editor’s note: This week’s newsletter is a rerun.
We’ll be back with a fresh newsletter soon.In dozens of novels written over a decades-long career, the romance writer Jackie Collins sharply observed the role of sex and power in Hollywood. She wrote incisively about abuse in the industry and empowered female characters who found liberation in a male-dominated world.
Democratic Senator Raphael Warnock of Georgia implored conservative members of his party to stop obstructing voting rights legislation in a powerful speech on the floor of the Senate Tuesday. While Warnock did not name Senators Joe Manchin and Kyrsten Sinema, the two have come out against doing away with the filibuster in order to allow Democrats to pass the Freedom to Vote Act and the John Lewis Voting Rights Advancement Act.
We look at the life and legacy of trailblazing Black feminist scholar and activist bell hooks, who died at the age of 69 on Wednesday. We speak with her longtime colleague Beverly Guy-Sheftall, professor of women’s studies at Spelman College, who remembers her as “a person who would sit with young people and community people and students and help them understand this world in which we live, which is full of all kinds of domination.
The county of Williamson, Texas, has announced a settlement of $5 million in the wrongful death of Javier Ambler II in 2019. The 40-year-old Black man died after being repeatedly tased by police during a traffic stop. Police bodycam footage showed Ambler telling officers, “I have congestive heart failure,” and “I can’t breathe,” as they continued to tase him.
The former Minnesota police officer Kim Potter, who faces manslaughter charges for fatally shooting 20-year-old Black man Daunte Wright during a traffic stop, is expected to take the stand in her own defense Friday. Potter claims she reached for her Taser and drew a pistol by mistake. “Black people should not be killed in America over misdemeanor, pretextual traffic stops,” says Benjamin Crump, attorney for Wright’s family.
Former police officer Derek Chauvin has pleaded guilty to violating George Floyd’s civil rights, marking the first time he publicly admitted to his role in Floyd’s death. Chauvin kneeled on Floyd’s neck for over nine minutes, killing him with the excessive use of force in 2019. Floyd’s dying words, “I can’t breathe,” became a rallying cry for social justice protests and calls to defund the police across the country.
The companies submitted Phase III clinical trial data to FDA as a supplemental application for their vaccine, which is already approved for adults and children as young as 16.
The nation’s supply could be stretched by the need to conduct 3 to 5 million tests per day by late January or early February.
Nearly the entire increase came from the burst of federal spending as the government mobilized to contain the spread of the virus.
Nearly the entire increase came from the burst of federal spending as the government mobilized to contain the spread of the virus.
The Fed plans to cease its bond buys entirely by March, rather than its earlier target of June to give itself room to begin raising interest rates as early as the second quarter of next year.
Costs for key goods and services soared 0.8 percent for the month and 6.8 percent for the year, the highest since 1982, the Labor Department reported Friday.
The middle class is facing serious economic hardship with little of the workplace flexibility now afforded to the well-off. Here’s how employers — and government — can help.
Powell’s comment came after the Fed already announced earlier this month that it would slow the pace at which it buys U.S. government debt and mortgage-backed securities.
In Chile, voters this weekend will determine a close runoff election between far-right candidate José Antonio Kast and leftist Gabriel Boric, a former student leader. If Boric, who holds a narrow lead, wins the race, he would become Chile’s youngest and most progressive president in years.