The Fed is in a high-stakes race to catch up to inflation
CNN
The Federal Reserve helped save the US economy from Covid. Next up: Rescue America from its first inflation crisis in decades.
While the Fed responded swiftly and forcefully to the emerging pandemic in early 2020, its initial response to inflation was slow and faltering.
The Fed shrugged off inflation last year as "transitory," and decided to keep its foot firmly planted on the easy money gas pedal. That only added more fuel to the fire.
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For months, Supreme Court Justice Amy Coney Barrett has faced fierce criticism from conservatives over some of her decisions in cases involving President Donald Trump.
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Six days after the U.S. strike on Iran’s nuclear facilities, top White House officials told House lawmakers on Friday that they are now focused on drawing Iran back to negotiations — though members of both parties said their precise strategy to do so was not clear.
The two chambers have to agree on one text before delivering it to the president’s desk.
Louisiana argued that it was caught in an impossible position: At first, a federal court ruled that the state had likely violated the Voting Rights Act by drawing only one majority Black district out of six.
The Supreme Court on Friday upheld a Texas law that requires age verification for pornographic websites in one of the most closely watched First Amendment cases to arrive at the high court in years.
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Emerging from a highly anticipated classified briefing on Thursday, Democratic and Republican senators were not in agreement over exactly how much US strikes on Iran set back that country’s nuclear program.
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