(Mike Maharrey, Money Metals News Service) The Powell put is on.
The Federal Reserve chairman tried to sound like a hawk, but the central bank’s actions were those of a dove.
For the second straight meeting, the Fed cut the federal funds rate by a quarter percent on Wednesday. In an...
(Money Metals News Service) On a recent episode of Money Metals’ Midweek Memo podcast, host Mike Maharrey opens with a pointed analogy: calling a 3% CPI “good” because it beat a grim forecast is like celebrating “no cancer” while ignoring high cholesterol, hypertension, and pre-diabetes. The patient isn’t healthy;...
(Brett Rowland, The Center Square) The Federal Reserve cut interest rates by a quarter-point on Wednesday for the second time this year, not nearly as much as President Donald Trump wants the central bank to reduce rates.
The move lowers the Fed's benchmark short-term interest rate to a range between...
(Brett Rowland, The Center Square) The Federal Reserve cut interest rates by a quarter-point on Wednesday for the second time this year, not nearly as much as President Donald Trump wants the central bank to reduce rates.
The move lowers the Fed's benchmark short-term interest rate to a range between...
(Brett Rowland, The Center Square) Economists told the U.S. Supreme Court that President Donald Trump's plan to reduce U.S. trade deficits will backfire, exacerbating the underlying issue the president used to justify the sweeping tariffs.
The economists filed a friend-of-the-court brief arguing that Trump's trade policies won't address the trade...
(Headline USA) U.S. lawmakers have tried four times since September last year to close what they called a glaring loophole: China is getting around export bans on the sale of powerful American AI chips by renting them through U.S. cloud services instead.
But the proposals prompted a flurry of activity...
(Luis Cornelio, Headline USA) Former President Barack Obama cursed at former House Speaker Nancy Pelosi after she endorsed then-Vice President Kamala Harris’s short presidential bid in 2024.
“What the f**k did you just do?” Obama reportedly asked Pelosi in October 2024,
according to ABC News journalist Jonathan Karl’s new book Retribution.
“The Obamas...
(Luis Cornelio, Headline USA) Bill Gates’s controversial Gates Foundation is under congressional investigation following reports that it funneled millions of dollars to groups tied to the Chinese Communist Party and its military, potentially violating U.S. law.
The Senate Judiciary Committee announced the probe Monday in a letter to Mark Suzman, the...
The House Oversight Committee’s report on Biden’s cognitive health accuses officials of covering up decline and refers cases to DOJ, D.C. Board of Medicine.
Despite opposition from major federal labor unions, Senate Democrats blocked Republicans’ Continuing Resolution to reopen and fund the government for the 13th time Tuesday….