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Apr 26 2024
Opinion
Trump Second-Term Plan Includes Federal Reserve Coup
The most potent source of support for Donald Trump’s campaign, by far, is nostalgia for his first term. Trump may have relentlessly rattled the cage of democratic norms, but the restraints largely held. The economy coasted as the recovery from the Great Recession reached its apex of low unemployment and low inflation. The inflation surge of 2021–22 soured the voters on Joe Biden’s presidency,
Jonathan ChaitApr 19 2024
News
Biden Restricts Oil & Gas Leases in Alaska Federal Reserve
The Biden administration said Friday it will restrict new oil and gas leasing on 13 million acres (5.3 million hectares) of a federal petroleum reserve in Alaska to help protect wildlife such as caribou and polar bears as the Arctic continues to warm. The decision — part of an ongoing, yearslong fight over whether and how to develop the vast oil resources in the state — finalizes protections
Newsmax (News)Apr 26 2024
News
Right-Wingers Plot to Give Trump Control Over Federal Reserve If Reelected
Right-wing allies of former U.S. President Donald Trump are reportedly crafting a plan to give the executive branch control over Federal Reserve policy decisions, an effort that comes as the presumptive GOP nominee continues to signal his authoritarian intentions for a potential second term.
The Wall Street Journalreported Thursday that former Trump administration officials and other
Common DreamsMar 21 2024
News
Federal Reserve Chair Jerome Powell before a House Financial Services Committee on the Federal Reserve's Semi-Annual Monetary Policy Report
Colorado Springs GazetteJan 31 2024
News
Text of the policy statement the Federal Reserve released Wednesday
WASHINGTON (AP) — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have moderated since early last year but remain strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. The Committee seeks
QuartzApr 26 2024
News
Idaho's first team dominates reserves in spring game
Idaho linebacker Jaxton Eck (6) drives towards the end zone for a touchdown after intercepting the ball during the annual spring game on Friday at the Kibbie Dome in Moscow. (Geoff Crimmins/For The Spokesman-Review) MOSCOW, Idaho – In its spring game Idaho’s black squad (first team) rolled up 35 points, including a third-quarter interception returned for a touchdown by linebacker Jaxton Eck,
Spokesman ReviewApr 22 2024
News
Biden must not tap the Strategic Petroleum Reserve
The Biden administration is reportedly considering tapping the Strategic Petroleum Reserve to counter rising gas prices this summer. Such a move would set a bad precedent. The SPR exists for reasons of national security, not political convenience. Vikas Dwivedi, a global oil and gas strategist, told Bloomberg that the White House might turn to the SPR to offset an expected spike in gasoline
Washington ExaminerJun 17 2022
News
Federal Reserve Acts
“The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off the U.S. economy without causing a recession.” (AP News)
The left is hopeful that inflation will soon slow, and cautions against increasing interest rates too
The Flip SideMar 18 2022
News
Federal Reserve Acts
“The Federal Reserve on Wednesday raised interest rates for the first time since 2018 and laid out an aggressive plan to push borrowing costs to restrictive levels next year in a pivot from battling the coronavirus pandemic to countering the economic risks posed by excessive inflation and the war in Ukraine… Even with the tougher rate increases now projected, the Fed expects inflation to
The Flip SideApr 20 2024
News
Reserved seats for Grand Prix of Long Beach sold out
If you want to check out the Acura Grand Prix of Long Beach but haven’t yet bought tickets, there’s some bad news — your options are dwindling. The Grand Prix Association of Long Beach announced on Saturday, April 20, that reserved seats have sold out. This is the second year in a row reserved seats have sold out, the association said. That’s not entirely surprising, though, since last year’s
Long Beach Press-Telegram