Watch live: Federal Reserve chairman testifies before House panel on inflation and economic woes
Federal Reserve Chairman Jerome Powell is scheduled to testify before a House panel Thursday morning to discuss the state of inflation in the United States. The hearing will begin at 10 a.m. ET. Watch the live video above. Source: TEST FEED1
Read MoreWatch live: Deborah Birx testifies on Trump administration's COVID response
Deborah Birx, who served as former President Trump's White House coronavirus response coordinator, is slated to testify before a House panel Thursday morning. The hearing will begin at 10 a.m. ET. Watch the live video above. Source: TEST FEED1
Read MoreWho owns the Fed’s massive losses?
We estimate that at the end of May, the Federal Reserve had an unrecognized mark-to-market loss of about $540 billion on its $8.8 trillion portfolio of Treasury bonds and mortgage securities. This loss, which will only get larger as interest rates increase, is more than 13 times the Federal Reserve System’s consolidated capital of $41 billion. Unlike regulated financial institutions, no matte
Read MoreGOP pollster Frank Luntz: Republicans are saying 'it's time to move on' from Trump
Veteran GOP pollster Frank Luntz said on Thursday that a recent New Hampshire poll showing Florida Gov. Ron DeSantis (R) narrowly edging out former President Trump indicates Republicans are saying “it’s time to move on” from Trump. During an interview on CNN’s “New Day,” Luntz and the network's chief White House correspondent, Kaitlan Collins, spoke about the University of New Hampshire Granite State Poll, whic
Read MoreWith inflation comes the check for past ‘free’ lunches
With President Biden talking about employing the Defense Production Act to force petroleum companies to open the oil valves wider and produce more gasoline, we are reminded that there is no such thing as a government-provided outcome, environmental or otherwise, without cost. Consumer outrage at $5-per-gallon gas is evidently strong enough to get the attention of a president known for his commitment to improving the condition of the planet. I
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