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US central bank needs to increase interest rates more, chair says

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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US Republicans accused of ‘enabling’ racism by ex-chair

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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Inflation is not ‘transitory,’ says Fed chair

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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Parents sue to oust chair of bathroom-assault school’s board

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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