Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation

Fed Chair Powell says there has been a 'lack of further progress' this year on inflation

Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon. Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its … Read more

A Wealthy Democratic Representative Is Among Top Self-Funders in Senate Primary History

A Wealthy Democratic Representative Is Among Top Self-Funders in Senate Primary History

Representative David Trone, a Democrat who apologized for using a racial slur during a recent House committee meeting, has poured nearly $42 million from his personal fortune into his Senate bid in Maryland, according to the latest federal quarter filings, putting him among the top self-funders in Senate primary history. Mr. Trone, who founded and … Read more

U.S.C. Cancels Valedictorian’s Speech After Jewish Groups Object

U.S.C. Cancels Valedictorian’s Speech After Jewish Groups Object

The University of Southern California said it has canceled plans for a graduation speech by this year’s valedictorian, Asna Tabassum, who is Muslim. The school said the decision stemmed from security concerns, after several pro-Israeli groups objected to her social media posts supporting Palestinians. The decision drew immediate criticism from the Los Angeles office of … Read more