A House Democrat told Federal Reserve Chairman Jerome H. Powell on Wednesday that he is “engineering a recession” by raising interest rates to lower inflation, and demanded that the central bank pull back from future rate hikes.
Author: Dave Boyer
Biden’s embattled pick to lead FCC withdraws from nomination
President Biden’s nominee to lead the Federal Communications Commission withdrew her name from consideration Tuesday, the White House confirmed.
Starbucks CEO agrees to testify before Senate panel on union tensions, sidesteps likely subpoena
Starbucks CEO Howard Schultz has agreed to testify this month before a Senate committee scrutinizing union strife at the coffee chain, a move that averts a threat by Chairman Bernard Sanders to issue a subpoena for the corporate chief.
Powell tells Senate panel inflation still ‘higher than expected,’ sees more interest rate hikes
Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that the central bank is likely to keep raising interest rates higher than previously expected to combat stubbornly high inflation.
IRS lambasted for handing reins to Obama, Clinton officials for study of e-file tax return system
House Republicans on Monday demanded the IRS turn over information about a left-leaning think tank’s $15 million study of a proposed e-file tax return system, saying federal law requires the review to be done by an independent group, not one staffed by…
Sen. Sanders schedules subpoena vote for Starbucks CEO over alleged union busting
Sen. Bernard Sanders on Wednesday said his Senate committee will vote on issuing a subpoena for Starbucks CEO Howard Schultz, setting up a potential showdown over unionizing efforts at the coffee giant.
Wray: FBI assessed long ago that COVID likely caused by China lab leak
FBI Director Christopher A. Wray said publicly Tuesday that federal investigators believe the COVID-19 pandemic likely started from a lab leak in Wuhan, China.
Biden’s nominee for archivist accused of stonewalling Senate committee on partisan tweets
President Biden’s nominee for archivist of the United States encountered Republican opposition Tuesday over her social media posts that included gun-control advocacy and her advice to a liberal activist on how to remove a religious flag from the ground…
Wes Moore’s plan to pay Maryland youth for a service year draws national attention, local criticism
Volunteerism is declining across the U.S., which is one reason that service organizations and political figures nationwide are closely watching Maryland Gov. Wes Moore’s experiment to pay young people with state tax dollars to work one year of service …
DeSantis cracks down on Florida’s illegal immigration in attack on Biden’s border crisis
Florida Gov. Ron DeSantis, on the verge of a 2024 presidential campaign, announced Thursday the state’s most ambitious proposal yet to combat illegal immigration.