Powell emphasizes Fed’s obligation to forestall ‘ongoing inflation downside’ regardless of Trump criticism

Powell emphasizes Fed’s obligation to forestall ‘ongoing inflation downside’ regardless of Trump criticism

US Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on “The Federal Reserve’s Semi-Annual Monetary Policy Report” on Capitol Hill in Washington, DC on June 24, 2025. Saul Loeb | Afp | Getty Images Federal Reserve Chair Jerome Powell on Tuesday emphasized the central bank’s commitment to keeping inflation in … Read more

Stagflation on the Fed’s thoughts

Stagflation on the Fed’s thoughts

U.S. Federal Reserve Chairman Jerome Powell speaks at a news conference on June 18, 2025, in Washington DC, United States. Yasin Ozturk | Anadolu | Getty Images At U.S. Federal Reserve Chair Jerome Powell’s post-meeting press conference, the topic of tariffs — specifically, their impact on prices — was a recurring one. “Everyone that I … Read more

Escaped N.J detainee caught, 1 extra nonetheless on the run as feds double reward

Escaped N.J detainee caught, 1 extra nonetheless on the run as feds double reward

Federal officials have apprehended one of two detainees who were still missing after their escape from an immigration detention center in New Jersey last week, the FBI says. It wasn’t immediately clear how Franklin Norberto Bautista Reyes was found. The search was ongoing Tuesday for another escaped detainee, Andres Felipe Pineda Mogollon. A $25,000 reward … Read more