A Republican congressional aide on Wednesday discussed being held up at gunpoint in the District as one of two staffers who were robbed over the weekend in separate muggings in the Navy Yard neighborhood.
The consumer price index report for the month of May was broadly positive, with prices remaining flat and the annual inflation rate ticking down by a tenth of a percentage. The data released by the Bureau of Labor Statistics on Wednesday are welcome news to both consumers and President Joe Biden. You’ll be hearing about […]
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...