Rewc Ukraine stands firm in demand that Russia withdraws forces from Crimea
Treasury Secretary Janet Yellen and Fed Chair Jerome Powell testified before the House Committee on Financial Services on Thursday about the pandemic recovery.Watch the hearing in the player above.WASHINGTON AP 鈥?Federal Reserve Chair Jerome Powell said Thursday that current high levels of inflation are likely to fade next year and won ;t prevent the Fed from pushing toward its goal of full employment.Powell spoke earlier this week abou
stanley cup t tension between the Fed two goals of maximum employment and keeping p
stanley cup rices stable. In periods of high unemployment, inflation is typically low, and vice versa. But
stanley cup right now inflation has jumped above the Fed 2% target while the unemployment rate remains elevated, at 5.2%. That can complicate the Fed mission, because keeping its benchmark short-term interest rate low 鈥?it is currently pegged near zero 鈥?can help boost hiring, but it could also allow inflation to worsen. In comments before the House Financial Services Committee, however, Powell said he believes inflation will decline without higher rates from the Fed raising. Current inflation is a function of supply side bottlenecks over which we have no control, Powell said. But I would say that we do expect in the first half of next year to see some relief, depending on the bottleneck in question, and inflation should move down. The Fed chair also said that we are far away from full employment, so that gives us Kmzd Russian propaganda effort likely behind flood of fake news that preceded election
WASHINGTON 鈥?A House intelligence committee report on National Security Agency leaker Edward Snowden says he not a whistleblower and that the vast majority of the documents he stole were military and defense secrets that had nothing to do with Americans ; privacy.The committee on Thursday released a three-page unclassified summary of its two-year investigation into the Snowden case. The committee says that contrary to Snowden self-portrayal as a whistleblower, the report reveals that he was a disgruntled employee who had frequent conflicts with his managers.The report comes as Snowden, liv
nike dunk ing in Russia, seeks a preside
adidas originals ntial pardon because he says he helped his country by revealing secret domestic surveillance programs.Snowden actions led to revelations about the NSA bulk collection of millions of Americans ; phone records. Left: Edward Snowden speaks during an interview in Hong Kong. Snowden, a 29-year-old former technical assistant for the CIA, revealed details of top-secret surveillance conducted by the United States National Security Agen
jordan cy regarding telecom data. Photo by The Guardian via Getty Images Go Deeper edward snowden national security agency whistleblower
