Hygk House passes $1.2 trillion spending bill
WASHINGTON AP 鈥?The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year.Watch Powell remarks in the player above.The Fed quarter-point hike in its key rate, which it had pinned near zero since the pandemic recession struck two years ago, marks the start of its effort to curb the high inflation that followed the recovery from the recession. The rate hikes will eventually mean higher loan rates for many consumers and businesses.The central bank policymakers expect inflation to remain elevated, ending 2022 at 4.3 percent, according to quarterly projections they released Wednesday. That far above the Fed 2 percent annual target. The officials also now forec
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stanley cup st much slower economic growth this year, of 2.8 percent, down from a 4 percent estimate in December.Under Chair Jerome Powell, the Fed is hoping that the rate hikes will achieve a difficult and narrow objective: Raising borrowing costs enough to slow growth and tame high inflation, yet not so much as to topple the economy into recession.But many economists worry that with inflation already so high 鈥斅爄t reached 7.9 percent in February, the worst in four decades 鈥?and with Russias invasion of Ukraine driving up gas prices, the Fed may have to raise rates even higher than it now expects and potentially ca
stanley cup use a recession.READ MORE: U.S Nahq Sen. John McCain Remembers Col. Bud Day, Most Special Man I ve Ever Known
WASHINGTON AP 鈥?The Biden administr
stanley cup ation said Tuesday that Russia has given notice that it intends to stage routine drills of its nuclear capabilities amid heightened tensions over the war in Ukraine.Watch Ryder remarks in the player above.The Pentagon and State Department said Russia had complied with the terms of the last U.S.-Russia arms control agreement in notifying Washington of the upcoming tests.Although such notifications have
stanley cup been routine under the terms of the New START treaty so that drills are not mistaken for actual hostilities, this one comes as the conflict in Ukraine has intensified and at a time when diplomatic contacts between the two sides have been sharply reduced. The U.S. was notified, Pentagon spokesman Air Force Gen. Pat Ryder said. And as weve highlighted before, this is a routine annual exercise by Russia. And so in this regard, Russia is complying with its arms control obligations and transparency commitments to make those notifications, and so that is something that we will continue to keep an eye on. WATCH: Ukraine warns Russia may be plotting dirty bomb attackAt the State Department, spokesman Ned Price said the notification was important even as Russia engages in unprovoked aggression and reckless nuclear rhetoric. These notificati
stanley cup on measures do ensure that we are not taken by surprise and reduce the risks of misperception, he said.Neither the Pentagon nor the State Department offered details about the Russian notif
