Analysis: Markets heard a dovish Kevin Warsh. The Fed chairman's own words suggest a rate hike
Source: Politics & Policy · Bias: Center
Summary
Investors saw Warsh’s press conference as dovish, but a closer reading of the Fed chair's prepared remarks suggests he may be close to raising interest rates.
Analysis: Markets heard a dovish Kevin Warsh. The Fed chairman's own words suggest a rate hike
Center
Investors saw Warsh’s press conference as dovish, but a closer reading of the Fed chair's prepared remarks suggests he may be close to raising interest rates.
Sen. Thom Tillis (R-N.C.) threw President Donald Trump's words back in his face on Friday after one of his Truth Social Rants. Trump ranted, John Cornyn never had a problem with the so called 'fund,' which will not benefit me, but rather the great American patriots who were hunted down like dogs and whose lives were unfairly and illegally destroyed by the Crooked Joe Biden administration, until after I decided to endorse and support his Republican primary opponent in Texas, who easily won the nomination for the United States Senate."Indeed, the Justice Department announced on Monday, May 18 that it would create a nearly $1.8 billion "anti-weaponization fund." Trump endorsed Cornyn's opponent the following day, May 19. Cornyn lost his primary election five days later. "Perhaps there has never been a group of people treated so badly in our nation’s history," claimed Trump.Trump claimed many of those targeted "are suffering still, many ruined, and I felt that they should be given compensation for what has been done to them. I gave up any payments for myself, which would have been substantial, including for the illegal and unprecedented raid on Mar-a-Lago, my home in Florida, even though many legal experts, and others, including John Cornyn, said it was a shocking and disgusting display of 'weaponization' against me. Such an event has never happened before, and hopefully will never happen again!"While many former officeholders have been found to have government documents that should have been given to the National Archives, all of them returned the documents once they were found. Trump refused to turn over the documents, even after the National Archives said it would have to get the FBI involved if he wouldn't hand them over. "I will always feel that these victims of government abuse should be paid back for what they were forced to endure, their lives have been ruined! millions of people agree with me, as was proven in my landslide presidential win, where this was a major subject of debate, and so did John Cornyn, until he lost his election to an opponent that I endorsed. Todd Blanche, a good man, should be immediately approved as U.S. attorney general. Thank you for your attention to this matter!"While the note wasn't directed at Tillis, he responded anyway, repeating the president's words to reinforce his point. "The president made it clear today that the so-called 'anti-weaponization fund' is still alive, which is exactly why we are attempting to formally end it. While I never disagreed that the Biden administration pursued a number of vindictive prosecutions related to January 6, the criminals who assaulted police officers and defiled our nation’s Capitol are not 'great American patriots' who are 'victims of government abuse,'" Tillis wrote on X. He pressed further saying, "anyone who attacked law enforcement should still be in prison, not getting a check from the federal government."Polls taken days before the pardons showed that Americans overwhelmingly opposed his pardons of the Jan. 6 attackers. The States United Democracy Center showed that 66 percent opposed pardons for those who violently assaulted police and 65 percent opposed pardons for those who committed other violent crimes. "Senator Cornyn and I have been working with Acting AG Todd Blanche to end the 'anti-weaponization fund,' and he has been forthright, thoughtful and patient," said Tillis. "It’s a shame his confirmation has hit a snag only because an incompetent personal advisor to the president refuses to amend the bogus settlement. I will continue working in good faith to put an end this legal and political albatross and prevent any potential misallocation of taxpayer dollars."Tillis made a similar comment on Thursday, saying he didn't believe that Trump was the one pressing for the fund. Trump then responded on Truth Social that indeed, he wanted the fund.
Sen. John Cornyn (R-Texas) has drawn the ire of President Donald Trump for joining with Sen. Thom Tillis (R-NC) to block acting Attorney General Todd Blanche’s nomination […]
Curtis Ingraham said he was left with "no more words" after his sister, Fox News host Laura Ingraham, was caught making faces behind Anthony Fauci at a Senate hearing.The hearing took place Wednesday before the Senate Homeland Security and Governmental Affairs Committee, chaired by Sen. Rand Paul (R-KY), who had subpoenaed Fauci to appear. CNN reported Fauci invoked the Fifth Amendment — his constitutional right to refuse to answer questions — more than 100 times.Laura Ingraham, a longtime Fauci critic, was seated directly behind him. She was visible over his shoulder throughout, rolling her eyes, shaking her head, and making faces at the witness table.The Daily Show caught it first, posting a supercut that drew 1.2 million views."Watching Laura Ingraham make faces at Fauci's hearing while listening to Laura Ingraham complain about other people making faces," the show wrote on X.The clip paired footage of Laura Ingraham's expressions with her own prior broadcasts, playing her voice over her own face."Her little charade for the cameras isn't just an example of conduct that is boorish and rude, arrogant and rude, always performing for the cameras," Laura Ingraham's voice said as the footage rolled.Another clip showed her taking a selfie at the hearing — as audio of her mocking others for doing the same played over it."There simply are no more words!" Curtis Ingraham, a Northern California teacher, wrote on X, linking to coverage of the clip."Laura, shouldn't you be focused on those Epstein files instead of lurking behind @Dr_AnthonyFauci hoping for spin-worthy tidbits?!" he joked.Days before the hearing, the committee had released more than 1,100 pages of what it described as Fauci's personal diary, which showed Fauci had lumped Laura Ingraham in with "all of the stooges" at Fox News. She showed up to the hearing anyway — and kept swinging after it."What you saw from Fauci was a little man with a big ego and… deeply insecure," she told her audience on her Fox News program that evening."Umm, if my memory serves me correctly, Laura, weren't you one of the early birds to receive the Covid vaccine that @Dr_AnthonyFauci helped spearhead?!" Curtis Ingraham wrote on X the next day.The tension between the siblings is not new. In 2018, Curtis Ingraham gave a blunt assessment of his sister to The Daily Beast."I think she's a monster," he said. "She's very smart, she's well spoken, but her emotional heart is just kind of dead. And you see it in her face when you see her on TV. She's ready to destroy."At the time, Laura Ingraham pushed back, calling the posts "false and hurtful.""Although we've been estranged from him for many years, we love our brother and miss him very much," she said.The Hill reported the Senate Homeland Security and Governmental Affairs Committee has scheduled a vote next week on whether to hold Fauci in contempt of Congress for refusing to testify.
Why did New York Mayor Zohran Mamdani publish a list of nearly 1 million homeowners who “may” face his new property-tax surcharge when the city estimates that only 10,000 properties will actually owe it? It may have something to do with the fact that Mamdani wants to raise taxes far higher than Albany Democrats have […]
