Federal Reserve Chairman Jerome Powell admitted last week at the “virtual” Jackson Hole symposium that the Fed has undershot its 2% annual inflation target consistently for the last several years.The Fed is tacitly admitting that its deflationary monetary policy has restrained growth and held down wages.MORE FED STIMULUS NEEDED 'IN COMING MONTHS' TO FIGHT PANDEMIC HEADWINDS,…
Riding a wave of support from the Democratic party’s progressive wing – including the backing of Rep. Alexandria Ocasio-Cortez and Sen. Elizabeth Warren -- Sen. Ed Markey of Massachusetts on Tuesday survived a heated primary battle against challenger Rep. Joe Kennedy III.Speaking to supporters, Kennedy conceded to Markey about 2 and a half hours after…
U.S.|Grand Juror in Breonna Taylor Case Says Deliberations Were MisrepresentedThe Kentucky attorney general’s office said it would release the panel’s recordings after a grand juror contended in a court filing that its discussions were inaccurately characterized.Breonna Taylor's family and the lawyer Ben Crump, right, said the charges a Kentucky grand jury agreed upon in the…
(John Finney Photography/Moment/Getty Images) An abnormally bad season of weather may have had a significant impact on the death toll from both World War I and the 1918 Spanish flu pandemic, according to new research, with many more lives being lost due to torrential rain and plummeting temperatures. Through a detailed analysis of an ice…