Top Fed Official Explains How Higher Interest Rates Will Affect U.S. Economy

On Monday, Federal Reserve Vice Chair Lael Brainard explained how the central bank’s interest rate hikes will affect the U.S. economy. The Federal Reserve raised interest rates by three-quarters of a percentage point last month, the third consecutive increase of that size. “The moderation in demand due to monetary policy tightening is only partly realized so far,” Brainard began. “The transmission of tighter policy is most evident in highly interest-sensitive sectors like housing, where mortgage rates have more than doubled year to date and house price appreciation has fallen sharply over recent months and is on track to soon be

‘Serious stuff’: JPMorgan CEO Warns U.S. Will Soon Fall Into Recession

On Monday, JPMorgan Chase CEO Jamie Dimon warned that “very, very serious” factors are going to push the United States into a recession within the next six to nine months. Dimon, the head of the largest bank in the United States, said that the American economy is “still doing well” and that consumers are likely to handle a recession better than in the 2008 financial crisis. “But you can’t talk about the economy without talking about stuff in the future — and this is serious stuff,” Dimon told CNBC. He said that inflation, increasing interest rates, and Russia’s invasion of Ukraine

Biden: ‘Two Words: Made In America’

Joe Biden

On Friday, President Biden failed in an attempt to count to three in another event that raises questions on his mental fitness for office. “Let me start off with two words: Made in America,” the 79-year-old president said during a speech in Maryland. Notably, “Made in America” is 50% more words than Biden calculated. To put that ratio into perspective, gas prices are also about 50% higher as they were when Biden took office in January 2021. Biden: "Let me start off with two words: Made in America."pic.twitter.com/eI0OVsCoU4 — Washington Free Beacon (@FreeBeacon) October 7, 2022 This was not Biden’s

Biden: Putin ‘Not Joking’ When He Threatens Using Nukes

Joe Biden
Joe Biden

On Thursday, President Biden warned that the risk of nuclear “Armageddon” is at its highest point since the 1962 Cuban Missile Crisis as Russian President Vladimir Putin continues to threaten to use nuclear weapons during its invasion of Ukraine. Biden said Putin was “not joking when he talks about the use of tactical nuclear weapons or biological or chemical weapons.” “We have not faced the prospect of Armageddon since Kennedy and the Cuban Missile Crisis,” he added. Putin’s escalating threats come as Russia has been facing increased struggles in its invasion of Ukraine. According to The New York Post, on

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