Federal Reserve Chair Jerome Powell confirmed Wednesday that the central bank is pushing back its plans for rate cuts as inflation plateaus well above the bank's target. The Federal Open Markets Committee (FOMC), the central bank committee tasked with setting monetary policy, voted Wednesday to keep the federal funds rate at a range of 5.25...
Welcome to The Hill's Campaign newsletter {beacon} Campaign Report Campaign Report The Big Story Where RFK Jr. is on the ballot Independent presidential candidate Robert F. Kennedy Jr. has now qualified to be on the ballot in a few states and has gained enough signatures to make the ballot in about a half dozen...
Republican Reps. Elise Stefanik (N.Y.) and Mike Turner (Ohio) are calling on the Department of Justice to open a criminal referral into former President Trump's ex-fixer, Michael Cohen, for making contradicting statements to a congressional panel in 2019. In a letter to Attorney General Merrick Garland, Turner, the chair of the House Intelligence Committee, and...
To help rebuilding and recovery efforts, I call on every country to devote 1 percent of its GDP to transform camps into incubators of hope rather than more Gazas.
A policy advocacy group founded by Illinois Gov. JB Pritzker (D) is investing $500,000 into efforts to enshrine abortion rights in the Florida Constitution as a strict six-week ban takes effect in the Sunshine State. "Today, women in Florida will be stripped of nearly all their reproductive rights. An extreme, six-week abortion ban is dangerous,...
The Federal Reserve voted to keep interest rates at a 23-year high as inflation has edged up and the labor market remains strong, likely pushing potential rate cuts even later into the year. Interest rates will remain at a range of 5.25 percent to 5.5 percent, where they have been since last July, the Federal...
Climate change is pushing some New York City neighborhoods into dozens of nearly daylong blackouts per year, a new study has found. Large swaths of the state’s principal towns and cities faced repeated, protracted and dangerous weather-driven power outages between 2017 and 2020, according to findings published Wednesday in the Public Library of Science. The risk...
President Biden will speak next week on Capitol Hill about the rise of antisemitism, tackling an issue that has been intertwined with ongoing protests on college campuses over Israel's war in Gaza. Biden will deliver the keynote address at the U.S. Holocaust Memorial Museum's annual Days of Remembrance ceremony, press secretary Karine Jean-Pierre told reporters....