Fed's Powell says higher rates may be needed
Posted By: Dreadnought, 8/25/2023 2:31:26 PM
STORY: "It is the Fed’s job to bring inflation down to our 2% goal, and we will do so," Jerome Powell on Friday delivered an assessment that many may not have wanted to hear: The Federal Reserve may not be finished hiking interest rates. Speaking at the annual Jackson Hole Economy Policy Symposium in picturesque Wyoming, the Fed chairman said that as long as interest rates remained above the central bank's target 2 percent, the fight wasn't over. However, he promised to proceed "carefully." "Although inflation has moved down from its peak -- a welcome development -- it remains too high. We are prepared to raise rates further if appropriate, and
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Fed's Powell says higher rates may be needed
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STORY: "It is the Fed’s job to bring inflation down to our 2% goal, and we will do so,"
Jerome Powell on Friday delivered an assessment that many may not have wanted to hear: The Federal Reserve may not be finished hiking interest rates.
Speaking at the annual Jackson Hole Economy Policy Symposium in picturesque Wyoming, the Fed chairman said that as long as interest rates remained above the central bank's target 2 percent, the fight wasn't over. However, he promised to proceed "carefully."
"Although inflation has moved down from its peak -- a welcome development -- it remains too high. We are prepared to raise rates further if appropriate, and
New York — CNN is heading to the Max streaming platform.
The network’s parent company, Warner Bros. Discovery (WBD), announced Thursday that it will incorporate live news into its super-streamer Max service, allowing subscribers access to 24/7 programming from the global news brand. The service, which launches a little more than a year after Warner Bros. Discovery executives shuttered the previous standalone CNN+ service, will be called CNN Max and launch with a “beta” label on September 27 in the United States before being rolled out more broadly following feedback received during the nascent stage.
Republican National Committee picks Houston
to host 2028 presidential nominating convention 19 replies
to host 2028 presidential nominating convention 19 replies
The Republican National Committee on Friday named Houston, Texas as host city for their 2028 presidential nominating convention.
The news was announced in a release following a vote by the RNC's 168 committee members. Houston was one of three finalists to host the 2028 convention, along with Miami, Florida and Nashville, Tennessee.
"I am excited to announce Houston as the host city for the 2028 Republican National Convention," said RNC Charwoman Ronna McDaniel. "After a smart business decision made by the RNC last spring to allow us to select the next convention city earlier than ever, we are looking forward to seeing Houston in the spotlight come 2028. The entire RNC membership
Amazon is in early talks with Walt Disney about working on the streaming version of ESPN it is developing, while possibly also taking a minority stake in the sports network, the Information reported Thursday, citing people familiar with the matter.
Disney and ESPN are still in the midst of determining an appropriate price for the new service, the report said. ESPN is considering charging between $20 and $35 a month for the new streaming service, which could make it the most expensive streaming service in the US, the report added. Amazon.com, Walt Disney and ESPN did not immediately respond to Reuters requests for comment.
There has been a lot of speculation about the cause of the Maui fire, which has been called the worst wildfire in a century, with at least 115 dead and more than 1,000 still missing, including many children.
Democratic Gov. Josh Green immediately blamed global warming and then subsequently said climate change played a role.
However, there were witness accounts and videos that show the likely cause was fallen electrical lines and poles that ignited dry grass. Multiple lawsuits have already been filed against Hawaiian Electric. The company allegedly knew that there was a risk from fires for years but then didn't remediate the issues while they were undertaking a "state-mandated
Climate experts hosted a media call Wednesday to discuss the tragedy of the devastating Maui fire—and how government’s negligence and obsession with the “climate change” hoax created a situation ripe for disaster.
The call featured Gregory Wrightstone of the CO2 Coalition, H. Sterling Burnett of the Heartland Institute’s Arthur B. Robinson Center on Climate and Environmental Policy , and Trump transition team member Steve Milloy of JunkScience. They discussed dishonest media, government negligence, climate change obsessions, and the Lahaina fire. Despite 50 years of failed predictions, climate alarmists are more blinded than ever.
The experts agreed that government accountability, starting with Hawaii Gov. Josh Green, is necessary.
The Department of Justice is suing Elon Musk’s SpaceX for not hiring migrants before Americans — but is also ignoring many hiring managers who discriminate against Americans.
President Joe Biden’s deputies are “bullying employers who are trying to do the right thing — avoid hiring illegal workers — and are ignoring employers who are flagrantly discriminating against Americans,” said Jessica Vaughan, the policy director at the Center for Immigration Studies.
“They’re working harder to give illegal aliens access to jobs than they are to give to protect Americans’ access to jobs,” she said, adding,”This is entirely consistent with the approach of the Biden administration to tip the playing field
Former President Trump on Thursday posted on X, the platform formerly known as Twitter, for the first time since January 2021 to share an image of his mugshot following his surrender in Fulton County, Ga., on Thursday evening.
It was the first time Trump posted on the social media platform since his account was suspended shortly after the Jan. 6 riots at the Capitol. Trump was known during his 2016 campaign and his first term in the White House for using Twitter prolifically to share everything from jabs at his political opponents and to announcing major decisions out of the White House.
As Donald Trump was being booked and processed for a fourth time on a fourth indictment, this time in Georgia, old social media posts of DA Fani Willis emerged. What they contained provided a view into the rabid partisan nature and hypocrisy of the prosecutor now trying to put the former president behind bars.
Specifically, multiple posts show Willis spreading conspiracy theories about Georgia's elections. She even went so far as to claim there were "water leaks" during the 2020 election counting in Fulton County, suggesting that ballots were being thrown out.
During CNN’s live coverage of Trump’s motorcade to the Fulton County, Georgia jail for the former President’s arraignment on Erin Burnett OutFront, fill-in anchor Kaitlan Collins and correspondent Sara Murray fretted that Trump would use his new mugshot “to his political advantage” and fundraise off the photo to help his presidential campaign.
“Trump himself has been not downplaying this. I mean, he is certainly seeing how he uses these exact moments to his political advantage,” Collins kvetched.
Murray then jumped in to agree that Trump “uses these for fundraising, he uses these to rally his base.” Due to this, she openly regretted the plan to release Trump’s mugshot.
SOUTH LAKE TAHOE, Calif. - As former President Donald Trump was arrested in Atlanta, U.S. President Joe Biden said he had spoken with Ukraine's president on Friday and issued a fresh appeal for contributions to his 2024 re-election campaign "apropos of nothing."
Biden was silent all day on Friday while on vacation at a home overlooking Lake Tahoe, but at almost the exact time Trump's plane landed in Atlanta, the White House announced the phone call with Volodymyr Zelenskiy.//snip//"Apropos of nothing, I think today's a great day to give to my campaign," Biden wrote.
Former President Donald Trump was booked in the Fulton County jail in Atlanta, Georgia, on Thursday on felony charges related to his efforts to overturn the 2020 election. This is Trump's fourth indictment this year, but it's the first time he's had his mugshot taken. Fulton County authorities are taking mugshots of all 19 people charged in the case, including Trump's lawyers, Rudy Giuliani and Sidney Powell, and his former chief of staff Mark Meadows. The Fulton County Sheriff’s office released Trump's mugshot not long after he left the jail. The former president was released on a $200,000 bond.
Most Active Articles (last 48 hours)
A family is desperately seeking answers after FBI agents busted down the door and killed their relative in a pre-dawn raid last week.
The FBI is refusing to tell a grieving mother why they showed up in armored vehicles at 6 am last Wednesday and fatally shot her son.
According to WBBJ, FBI agents showed up at a residence in Henderson, Tennessee to serve a man named Theodore Deschler an arrest warrant when things turned deadly.
A neighbor told WBBJ he woke up at 6 am after he heard a loud bang.
New Hampshire Secretary of State David Scanlan (R) is consulting with the state attorney general to determine if the U.S. Constitution’s Fourteenth Amendment empowers him to keep former President Donald Trump off the 2024 presidential ballot.
As secretary of state, Scanlan oversees New Hampshire’s first-in-the-nation presidential primary that will take place at the beginning of 2024. However, Scanlan has caught wind of scholars’ recent arguments that the Fourteenth Amendment’s Disqualification Clause prohibits Trump from being on the presidential ballot.
As ABC7 Chicago detailed:
In a recent revelation, GOP presidential candidate Hirsh Singh has brought to light controversial details concerning Vivek Ramaswamy’s political affiliations and voting history. Documentation obtained from the Franklin County, Ohio Board of Elections suggests that Ramaswamy is not a registered Republican but, rather, a registered “Unaffiliated” voter.
In an X post (formerly Twitter), Singh wrote, “Per documentation received by Vivek Ramswamy’s Franklin County, Ohio Board of Elections Vivek is not a registered Republican, but Registered Unaffiliated and never voted in a Republican Primary in his entire life.”
In a now widely noted Tablet article, David Garrow pointed out Obama’s fantasies of sexual perversion with men. To that, AT’s Jack Cashill added the dishonesty in Obama’s autobiography regarding the question of his birth and his claim to being the author of his first book. What’s also missing from Obama biographies is his identification with Islam. Obama is, after all, the bearer of two Arabic names, with the second that of the Prophet Muhammed’s grandson.
Carlos Santana is a rock music legend and an absolutely fantastic guitar player, one of the greatest of all time. Since he’s Latino, you’d think he would have a few extra layers of immunity from the rabid online cancel culture mob, but alas, all of that is forgotten when you dare to make a scientifically accurate statement that bursts the LGBTQ community’s bubble of delusion. The “T” in “LGBTQ” stands for transgender, by the way.
According to Breitbart News, the media is now slamming Santana as “anti-transgender” because he stated the clear biological truth that “a woman is a woman and a man is a man” during one of his recent
‘The man is less welcome than toxic
mold’: Watch the moment Biden realizes
he’s being booed 16 replies
mold’: Watch the moment Biden realizes
he’s being booed 16 replies
President Joe Biden was serenaded with boos and jeers when he stepped out in public on Friday while on vacation in Lake Tahoe, and the look on his face was absolutely priceless.
The deeply unpopular leader has spent most of the month of August away from the White House, padding the number of vacation days that he has taken since his inauguration, which recently topped an entire year, this time staying at the opulent $18 million home of billionaire Democrat donor and climate alarmist Tom Steyer.
A video that has gone viral on social media captures the moment that the elderly Biden realizes that he isn’t nearly as beloved
Police in Massachusetts are continuing to cover up information about the death of Obama personal chef Tafari Campbell even after declaring the case closed this week, DailyMail.com can reveal.
The response has prompted an outcry from First Amendment advocates who have been left asking: 'What do they have to hide?'
And it has also sparked a plethora of conspiracy theories including the role of the former president's family in the cover-up and Campbell's relationship with the unidentified woman who witnessed his death.Earlier this month state police had withheld information under the guise of an 'ongoing investigation', citing a Public Records Law exemption that allows
Trump: The Leader of a Faction or a Party?
14 replies
Throughout my time campaigning for public office, over the course of several Republican Party primaries I ran against an incumbent, as an incumbent, and for an open seat. The last GOP primary I contested was for our party’s nomination for Michigan’s 11th Congressional District in 2002. Fortunately, I was successful in every one of these primaries and, later, in the ensuing general elections. What helped make these latter general election victories possible was the grace and magnanimity of my defeated GOP primary rivals, each of whom supported my campaigns against Democrat opponents.
DailyMail.com revealed this week how the Biden administration was considering slashing alcohol guidelines to just two drinks per week.
Dr George Koob, America's alcohol czar, said that evidence had increasingly indicated no amount of alcohol was good for human health.
Yet every year, studies hint that when consumed in moderation, there may be mild benefits to drinking alcohol. The theories range from booze acting as a way to de-stress to health benefits gained from consuming the antioxidants in wine, but none of these have ever been proven definitively.
We put the question of whether any amount of alcohol can be beneficial to six experts —
Portland's Predictable Doom Loop
13 replies
The people elected and selected to run Portland, Oregon, are like kids who get their first car and never think to change the oil. The city is led by a cadre of ardent leftists who thought they could just rev the engine, ignore maintenance, and see the city magically run itself. Instead, they’ve driven the City of Roses into a Doom Loop.
At one time not so long ago, Portland leaders turned the sleepy town into a progressive hub for the creative class, spending billions on 19th-century light rail Choo Choo trains to convey bus riders to their planned utopia. The more the plans failed, the more the planners planned,
North Carolina governor vetoes election
bill, sparking override showdown with
GOP supermajority 11 replies
bill, sparking override showdown with
GOP supermajority 11 replies
Raleigh, NC— North Carolina Gov. Roy Cooper vetoed a sweeping Republican elections bill Thursday that would end a grace period for voting by mail and make new allowances for partisan poll observers.
In a video message, the Democratic governor accused legislative Republicans of using their slim veto-proof majorities to execute “an all-out assault on the right to vote,” which he said has nothing to do with election security and everything to do with their party keeping and gaining power. The bill would make voting more difficult for young and nonwhite voters who are are more likely to vote absentee and less likely to elect Republicans, he said.
Former television host Bob Barker has died at the age of 99.
Barker was most known as the Price is Right host for 35 years, which included 3,524 shows. The program remains the longest-running game show in television history. During his career, Barker's various television programs awarded $55 million in prizes. A spokesperson for Barker said he died from natural causes.