Fed Hikes Interest Rates By Half A Point To Highest Level In 15 Years, No Reductions Until 2024

Jerome Powell

On Wednesday, the Federal Open Market Committee (FOMC) raised interest rates by half a percentage point, taking it to a targeted range of 4.25% and 4.5% – the highest level in 15 years. The move comes the day after the Bureau of Labor Statistics released a report saying that the annual inflation rate is at 7.1 percent. The figure is a reduction from the previous month but still far higher than the Federal Reserve’s target of 2 percent. “Inflation data received to far for October and November show a welcome reduction in the monthly pace of price increases,” Chairman Jerome Powell said

Democrat Oregon Governor Commutes All Death Sentences During Last Days In Office

On Tuesday, Democrat Oregon Governor Kate Brown announced during her last few days in office that she would be using her authority to commute the sentences of 17 individuals on death row in the state. In a statement, Brown said, “I have long believed that justice is not advanced by taking a life, and the state should not be in the business of executing people—even if a terrible crime placed them in prison.” “Since taking office in 2015, I have continued Oregon’s moratorium on executions because the death penalty is both dysfunctional and immoral,” she continued. “Today I am commuting Oregon’s death row

DeSantis Announces Investigation Into COVID-19 Vaccine Adverse Reactions

On Tuesday, Republican Florida Governor Ron DeSantis announced that he will be pushing for a statewide grand jury to investigate “any and all wrongdoing in Florida with respect to Covid-19 vaccines.” “Today, I’m announcing a petition with the Supreme Court of Florida to impanel a statewide grand jury to investigate any and all wrongdoing in Florida with respect to Covid-19 vaccines,” DeSantis announced. “We anticipate that we will get the approval for that, that will be something that will be impaneled most likely in the Tampa Bay area, and that will come with legal processes that will be able to get more

Sullivan Claims Biden Admin Considered The National Security Implications Of Releasing Russian Arms Dealer

During a press briefing on Monday, National Security Advisor Jake Sullivan claimed that the Biden administration had considered the national security implications of releasing notorious Russian arms dealer Viktor Bout – who had been imprisoned for selling weapons that were used to kill Americans – in exchange for WNBA player Brittney Griner release. “I’m curious, does the administration consider Viktor Bout to be a terrorist?” Real Clear Politics reporter Phil Wegmann asked. “Well, he’s not listed as a specially designated national,” Sullivan responded. “What we consider him to have been was a convicted criminal, convicted of arms trafficking and other

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