President Biden on Thursday falsely claimed he had never spoken to Federal Reserve Chairman Jerome Powell as president, despite having a meeting with him at the White House two years ago. Biden, during a speech to the Economic Club of Washington, said, “Unlike my predecessor, I respect the Federal Reserve’s independence as they pursued a mandate to bring inflation down.” …
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Weareall feeling the effects of stubbornand persistent inflation.When the currentadministration tells us inflation is coming down, we must remind ourselves that only meansalready high pricesare going up slower. Whenafew large pizzas, some salads,and garlic knots cost you $100, you begin to realize just how expensive life is getting forAmericans. So, is thereany chance that prices will ever come down? The …
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Rep. Thomas Massie, R-Ky., has introduced legislation that seeks to end the Federal Reserve – which has operated as the nation’s central banking system since it was created more than 110 years ago. H.R. 8421, theFederal Reserve Board Abolition Act, abolishesthe Board of Governors of the Federal Reserve and its banks. It alsorepealsthe FederalReserve Act, the1913law that createdthe Federal Reserve …
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WASHINGTON (AP) — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market. Friday’s government report showed that last month’s hiring gain was down sharply from the blockbuster increase of 315,000 in March. And it …
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