The Federal Reserve will have to further accelerate increasing interest rates in order to rein in inflation, which is already at 40-year highs, Fed chairman Jerome Powell told the Senate Banking Committee on Wednesday. “I think that the most recent inflation indicators, [the] various kinds, suggest to us that we …
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The aftermath of Saturday’s mass shooting in Buffalo, New York has widened the gulf between supporters and detractors of former US President Donald Trump and his brand of populism within the Republican party, with ousted chairwoman Liz Cheney launching a new volley on Monday. She accused the current leadership of …
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Asked about his use of the term transitory when speaking about inflation by Sen. Pat Toomey (R-Pennsylvania), Powell admitted the word’s actual definition may not exactly fit what he and others have been trying to get across to Americans dealing with record inflation and booming costs on everything from food …
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Parent group Fight for Schools has obtained several hundreds more signatures than required to remove Brenda Sheridan, the head of the Loudoun County school board. They filed suit on Tuesday to remove the offending official, who hails from the Sterling district, and threatened to remove several of her cronies as …
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Barrack, 74, is accused of “acting and conspiring to act” as an agent of the UAE between April 2016 and April 2018, as well as obstruction of justice for falsely claiming otherwise in a June 2019 interview with federal authorities, the US Department of Justice said on Tuesday. Matthew Grimes, …
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Seven women and two men were arrested on Thursday afternoon inside the Hart Senate Office Building in Washington, DC. The Capitol Police said they gave three warnings to participants in the “illegal demonstration activity” to disperse. The nine were part of a larger group of about 20 protesters, including Congresswoman …
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Put to death in 2011 by lethal injection, triple murderer Jeffrey Motts was the last death row inmate executed in South Carolina. The state has not executed anyone since, as the one pharmaceutical company that produced the anaesthetic most commonly used in executions suspended production in 2009, and batches in …
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The CDU committee convened in Berlin on Monday to discuss who should run from the party in the September general election. Its chairman, Armin Laschet, received overwhelming support from the party top brass, local media reported. The nod of approval pours cold water on the ambition of Markus Soeder, who …
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Speaking on Wednesday, Ursula von der Leyen’s spokesperson, Eric Mamer, said his boss should have been treated equally to European Council President Charles Michel during a meeting which saw the European Commission president left sitting alone on a sofa during their meeting with the Turkish leader. The incident has already …
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The BBC board chair is appointed by the Queen on the advice of the government and comes with a £160,000 ($221,000) annual salary for three to four days work per week. Richard Sharp, who was offered the role last month, will serve a four-year term, during which he will be …
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