The Federal Reserve is on an inflation-busting campaign. During the September meeting of the Fed’s policy-making arm, the Federal Open Market Committee (FOMC), the committee’s members raised the benchmark federal funds rate by 75 basis points, to a target range of 3.0–3.25 percent, the highest level since 2008. According to the dot-plot—a survey of…
From Pandemic Relief to Transitory Inflation, How Did the Federal Reserve Get to This Point?
September 30, 2022
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Navy Attempting to Remove Sailor Who Refused Vaccine Under ‘Pretext’ of Attempted Desertion: Attorney
Navy Petty Officer Second Class Kristin Fregeau is being discharged from the Navy for attempted desertion, but her attorney contends that this is a cover for separating the officer because she had a religious objection to the vaccine mandate. “The Navy couldn’t separate [Fregeau] for vaccine refusal, so they drummed up a story about attempted…
FBI Lawyers ‘Inappropriately Opined’ on National Security Matters in Bid to Influence Prosecutorial Decision-Making: Report
FBI lawyers within the agency’s National Security and Cyber Law Branch (NSCLB) have “inappropriately” weighed in on matters typically reserved for federal prosecutors, according to a report released by the Department of Justice Inspector General’s Office on Sept. 29. The report (pdf) found that “aggressive” attorneys working for the NSCLB had “inappropriately opined on matters related to sufficiency of evidence, certain charging decisions,…
Dolphins Quarterback Tua Tagovailoa Stretchered Off With Head Injury
CINCINNATI—Miami Dolphins quarterback Tua Tagovailoa sustained neck and head injuries after being slammed to the ground Thursday night against the Cincinnati Bengals and was stretchered from the field. The Dolphins said Tagovailoa was conscious, had movement in all his extremities and was taken to University of Cincinnati Medical Center for further evaluation. The Dolphins said…
One of the World’s Richest Men Warns US Recession Is Inevitable
One of the richest men in the United States warned that a U.S. recession is inevitable and called on the Federal Reserve to keep raising interest rates to combat rising inflation. In a recent conference, Citadel founder and investor Ken Griffin said a recession or downturn seems inevitable in what appears to be a “hard…
Newsom Signs Legislation Making California a Trans Sanctuary State
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UK Leaders Say They Value Fiscal Scrutiny After Tax Plan Sparked Market Turmoil
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At Least 21 Dead in Florida After Hurricane Ian as Toll Is Expected to Rise
The head of Florida’s Division of Emergency Management said Hurricane Ian left at least 21 people dead in the state, although that figure is expected to climb as search and rescue efforts continue. Florida Division of Emergency Management Director Kevin Guthrie told reporters in Tallahassee that there was one confirmed death in Polk County, 12 unconfirmed…
Suicide Bomber Strikes Kabul Education Center, Killing 19
KABUL, Afghanistan—A suicide bomber struck an education center in a Shiite area of the Afghan capital on Friday, killing 19 people and wounding 27, including teenagers who were taking university practice entry exams, a Taliban spokesman said. The morning explosion at the center took place in Kabul’s Dashti Barchi neighborhood, an area populated mostly by…
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