Despite President Joe Biden‘s laudable refusal to attack the political independence of the Federal Reserve, his Democratic allies on the Hill have failed to follow suit. For the umpteenth time during Biden’s presidency, Sen. Elizabeth Warren (D-MA) has spearheaded a partisan attack on independent monetary policy, calling once again for the Fed to slash interest […]
Remember the anti-science fanaticism that led to policies determined by irrational COVID panic? The direct effects carried far into 2024, multiple years after common sense should have prevailed. The Los Angeles City Council has only now voted to end its COVID vaccine requirement for city workers, unanimously repealing it on Tuesday. In other words, the […]
The newly anointed Republican nominee for the Nevada Senate race, Sam Brown, has a curious history with political campaigns: He has run for office in two states. In 2014, Brown ran for a seat in the Texas House of Representatives, but he lost in the primary and faded into obscurity. But eight years later, he […]
President Joe Biden made a mistake back in 2020 when he picked Vice President Kamala Harris as his running mate. Beyond her extremist and intolerant record on social matters, she is simply a bad politician who does not instill confidence in voters. People have trouble imagining her as president. That exacerbates one of the Democrats’ […]
Despite inflation persisting at nearly twice the Federal Reserve’s maximum target rate of 2%, Moody’s chief economist Mark Zandi has called upon the central bank to slash interest rates. It’s not that the Fed should arbitrarily shift its inflation target and destroy its credibility, Zandi argues, but rather that it should distort its entire measure […]
Transportation Secretary Pete Buttigieg made a subtle dig Wednesday at Supreme Court Justice Samuel Alito's wife, Martha-Ann, after a secret recording revealed her denouncing the display of an LGBTQ Pride flag near her home. Martha-Ann Alito told an undercover activist posing as a religious conservative at an event earlier this month that she wanted to...
The Federal Reserve is projecting a single interest rate cut of a quarter-percent this year, down from three quarter-point cuts as predicted in March, according to the central bank’s latest summary of economic projections. The Fed's expected annual inflation rate for 2024 rose to 2.6 percent from 2.4 percent as core inflation — which removes...
Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story Trump, GOP make inroads in Silicon Valley Former President Trump took to the Democratic bastion of San Francisco last week to meet with a growing cohort of conservative technology executives, as the GOP appears to be making inroads in traditionally deep...
Spending in the retail and airline sectors saw a boost last month as inflation hit a plateau and consumer prices evened out, according to a new analysis. According to the U.S. Mastercard SpendingPulse report for May, published Wednesday, U.S. total retail sales — not including auto — grew online by 7.8 percent and in store...