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‘Inflation is too high and has been for too long,’ says Kevin Warsh as Fed announces rate hikes – as it happened
The Guardian

‘Inflation is too high and has been for too long,’ says Kevin Warsh as Fed announces rate hikes – as it happened

This live blog is now closed.US Federal Reserve raises interest rates for the first time since 2023Kay Haigh, global head and CIO of Fixed Income and Liquidity Solutions at Goldman Sachs Asset Management, has this analysis of today’s decision:The Fed has signalled it does not at this stage envisage an aggressive tightening cycle. Most FOMC members see a…

Mike Johnson Can’t Protect Pete Hegseth Forever

Speaker Mike Johnson announced Wednesday that he would send Congress home early for its seven-week campaigning recess ahead of November’s midterm elections. Secretary of Defense Pete Hegseth—who was scheduled for an impeachment vote brought by Rep. Thomas Massie (R-Ky.) on the basis of his conduct during the Iran war—has been marked safe, for now. House…

Republicans Say Trump Is Tying a “Noose” Around Their Necks
The New Republic

Republicans Say Trump Is Tying a “Noose” Around Their Necks

Republicans appear to be listening to the White House rather than the president.Conservatives seem to have completely dodged Donald Trump’s midterm advice since the Republican Midterm Convention last week, during which the president told his party to promise $5,000 government handouts and act as if he’s on the ballot.An analysis of more than a million…

Kennedy Center Chaos Grows With Emergency Hearing Request
The New Republic

Kennedy Center Chaos Grows With Emergency Hearing Request

President Donald Trump’s Kennedy Center saga continued Wednesday, the day after a federal judge unceremoniously knocked down his latest bid to add his own name to President John F. Kennedy’s memorial venue. NBC News reported Tuesday that the center’s chief financial officer, Donna Kauranen, resigned from her position right before Trump’s handpicked board…