Federal Reserve Chair Jerome Powell announced Wednesday that the Fed would be increasing interest rates for a ninth time in a row. And he was blunt about the reason why he was raising the rate by a quarter of one percent.
“Wehave tobring inflation down to 2 percent. The costs of bringing it down, there arereal coststo bring it down to 2 percent,” he said.
Earlier this week, President Joe Biden honored the recipients of the 2021 National Humanities Medal and National Medal of Arts at the White House. Bruce Springsteen, Julia Louis Dreyfus, and Colson Whitehead were among those invited to the event that was delayed due to the pandemic.
Despite reports that Donald Trump would be indicted this week – well he hasn’t been. At least not yet. The grand jury in Manhattan has been hearing evidence of a hush money payment former President Donald Trump made during the 2016 presidential campaign. The grand jury finished hearing from witnesses this week.
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