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The week in whoppers: Janet Yellen pretends Biden's record is 'successful,' Rep. Jamaal Bowman smears Israel and more
Rep. Jamaal Bowman claimed at a November rally that there was no evidence of Hamas killing infants or raping Israeli women during the October 7 attacks.
Bitcoin tops $50,000 for the first time since 2021, signaling massive rebound
Bitcoin exploded past the $50,000 threshold for the first time in more than two years on Monday – the latest sign of a massive rebound for the scandal-rocked crypto sector....
The Fed hesitant to cut interest rates though inflation is nearly back to 2%
From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers.
Biden nominates first Hispanic banker to Fed board amid historic picks
President Joe Biden has nominated Federal Reserve Governor Philip Jefferson, 61, to become the central bank's vice chair -- making him No. 2 to Fed Chair Jerome Powell. Adriana D....
Weak Fed oversight contributed to SVB's stunning collapse: probe
The probe also called out poor management by SVB executives.
GDP growth slowed sharply in latest quarter amid Fed rate hikes
The slowdown reflects the impact of the Federal Reserve’s aggressive drive to tame inflation.
US employers added 236,000 jobs in March, unemployment at 3.5%
A tight job market could put pressure on the Federal Reserve to hike interest rates.
Russian vassal = bad for Beijing, green handouts for the rich and other commentary
“Russia’s transformation into China’s vassal” is “harmful to Beijing’s interests,” argues Alexander J. Motyl at The Hill. First, “Putin’s increasingly precarious political condition does nothing to help Xi.”
Federal Reserve's preferred inflation gauge slowed in February
Prices are still running well above the Fed's 2% target.
US banking crisis 'definitely brings us closer' to recession, top Fed official warns
Minneapolis Fed President Neel Kashkari warned of a looming "credit crunch."
Federal Reserve hikes key interest rate by a quarter-point despite US bank chaos
The Fed faces the challenge of lowering inflation amidst US banking sector crisis.
Bank chaos fuels uncertainty about Federal Reserve's next policy move
The Fed will announce its next policy move at the conclusion of a two-day meeting on Wednesday.
Warren calls for probe of Federal Reserve System after SVB implosion
Warren called for an independent investigation of the Fed and the "whole regulatory system," and demanded the reversal of the weakened oversight system amid the collapse of two US banks.
Inflation rose 6% in February as Fed mulls more rate hikes amid bank chaos
Turmoil in the banking sector raised questions about the Fed's next move to combat inflation.
US employers add 311,000 jobs in February, more than expected
The unemployment rate rose to 3.6% in February from 3.4% in January.
Little-known hedge fund boss joins Cohen, Ken Griffin as Wall Street's top earners
Little-known hedge fund manager Said Haidar reportedly joined the likes of Citadel CEO Ken Griffin and Mets owner Steve Cohen on the list of Wall Street’s top earners.
Larry Summers: 'Big mistake' to think US economy 'out of the woods'
Summers noted that inflation is still way higher than the Fed's target level.
US unemployment hits 53-year-low — employers add 517K jobs in January
The national employment rate fell to just 3.4% -- its lowest level since May 1969.
Fed raises key interest rate by 0.25 points, signals further hikes
The Fed is aiming to bring down prices without steering the US economy into a recession.
Fed's preferred inflation gauge cooled in December -- but consumer spending also fell
Consumer prices increased by 5% in December compared to the same month one year ago.