Why the Fed may be able to wind down emergency stimulus without making investors panic
CNN
Stocks continue to hit new all-time highs even as the Federal Reserve prepares to pull back on some of the extraordinary stimulus measures it put in place when the Covid-19 pandemic ground the US economy to a halt in March 2020.
Fed chair Jerome Powell is widely expected to discuss plans for the central bank to start tapering its bond purchases at a press conference Wednesday afternoon.
The Fed may even suggest that interest rate hikes could also be in the cards for the latter part of next year. Rates have been at zero since March 2020.
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President Donald Trump told Senate Democratic leader Chuck Schumer to “go to hell” in a Saturday post on social media as Senate leaders and the White House struggle to end a standoff over confirming Trump’s nominees.
“History is going to remember these people for their complicity …”
The Office of the Special Counsel has launched an investigation into potential Hatch Act violations by former special counsel Jack Smith, who led criminal probes into President Donald Trump’s handling of classified documents and alleged efforts to subvert the 2020 election.
Chilean authorities are racing to rescue five workers trapped in El Teniente, one of the world’s largest copper mines, after a Thursday collapse killed one person.
A Texas House panel on Saturday advanced a new congressional map as state Republicans power ahead with a strategy backed by President Donald Trump to hold on to the House majority in the 2026 midterms.
Back in March, President Donald Trump signed an executive order targeted at the Smithsonian Institution that began as follows: “Over the past decade, Americans have witnessed a concerted and widespread effort to rewrite our Nation’s history, replacing objective facts with a distorted narrative driven by ideology rather than truth.”
The FBI arrested on Friday a man in Long Beach, California, for allegedly sending money to the Islamic State of Iraq and Syria, a designated foreign terrorist organization, according to the Department of Justice.
US President Donald Trump said Friday he was ordering two US Navy nuclear submarines to “appropriate regions,” in response to remarks by Dmitry Medvedev, Russia’s former president and current deputy chairman of its Security Council.
A few weeks ago, Republican election officials in Colorado began receiving unsolicited calls and texts from a GOP consultant who said he was working with the Trump administration on “election integrity.”
President Donald Trump held plenty of meetings at the White House this summer: with foreign delegations striking trade deals, Cabinet members plotting a government overhaul and industry executives seeking tariff relief.
New York City’s deadliest shooting in 25 years – in a state with some of the toughest gun laws in the nation – is raising questions about how a gunman with a history of mental health issues was able to obtain multiple firearms and drive undetected across several states to carry out the attack.
FEMA plans to release nearly $1 billion in security funding after CNN report on proposal to slash it
The Federal Emergency Management Agency is making nearly $1 billion in disaster preparedness and homeland security funding available to communities nationwide, just one week after CNN reported on the agency’s proposed plan to slash the programs at the direction of the Department of Homeland Security, which oversees FEMA.
For Paul Whelan, returning to life in the United States after more than half a decade of Russian imprisonment has been “interesting” – and not without its challenges.