Feds - Live News America

The Fed’s path to a ‘Goldilocks’ economy just got more complicated

A ‘help wanted’ sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City.  Spencer Platt | Getty Images As far as jobs reports go, November’s wasn’t exactly what the Federal Reserve was looking for. A higher-than-expected payrolls number and a hot wage reading that was twice … Read more

Feds Should Defund Law Enforcement Refusing to Enforce Gun Laws

Senator Chris Murphy (D-CT) said Sunday on CNN’s “State of the Union” that the Senate should defund law enforcement refusing to enforce gun laws. Anchor Dana Bash said, “Five months, it’s been that long since the president signed a bipartisan bill. You helped negotiate it. It incentivized states to implement red flag laws. Virginia and Colorado, … Read more

Fed’s Mester wants more progress on inflation before ending interest rate hikes

Cleveland Federal Reserve President Loretta Mester said Monday inflation will need to show more signs of progress before she’s ready to stop advocating for interest rate increases. While acknowledging that recent data has been encouraging, the central bank official told CNBC that the progress is only a start. “We’re going to have more work to … Read more

Area 51 website owner who says armed feds raided his homes speaks out: ‘It could be your door next’

The owner of a prominent Area 51 website is speaking out after he says federal government agents raided his homes at gunpoint and broke down the doors while investigating a crime he still does not know the details of. “I discussed the case with an attorney specialized in Federal cases,” Joerg Arnu, proprietor of the … Read more

Fed’s Collins expresses hope that inflation can be tamed without hitting jobs

Boston Federal Reserve President Susan Collins expressed confidence Friday that policymakers can tame inflation without doing too much damage to employment. “By raising rates, we are aiming to slow the economy and bring labor demand into better balance with supply,” Collins said in prepared remarks for a Boston Fed conference on the labor market. “The … Read more

Wall Street hurt by rates talk from Fed’s Bullard

Overnight, stocks closed lower on Wall Street and Treasury yields rose after more indications from the Federal Reserve that it may need to raise interest rates much higher than many people expect to get inflation under control. The S&P 500 fell 0.3 per cent, with retailers and banks among the biggest weights on the benchmark … Read more

Fed’s Waller says he’s open to a half-point hike at December meeting

Federal Reserve Governor Christopher Waller said Wednesday he’s open to reducing the level of interest rate increases soon, so long as the economic data cooperates. The rate-setting Federal Open Market Committee is set to meet Dec. 13-14. Market expectations are running high that policymakers will approve another rate hike, but this time opting for a … Read more

Fed’s Daly sees rates rising at least another percentage point as ‘pausing is off the table’

San Francisco Federal Reserve President Mary Daly said Wednesday she expects the central bank to raise interest rates at least another percentage point, and possibly more, before it can pause to evaluate how the inflation fight is going. Daly told CNBC in a live interview that her most recent estimate in the Fed’s summary of … Read more

Former Kansas City detective paid to protect sex traffickers, feds say

A former homicide detective in Kansas brazenly conspired with three men to  help run a sex-trafficking operation involving underage girls, prosecutors allege in a federal grand jury indictment unsealed Monday. Roger Golubski, a retired 35-year-veteran of the Kansas City Police Department, used his position to shield the operation from police investigations, according to the three-count indictment filed in U.S. District Court in Topeka. … Read more

Yasiel Puig Facing Jail Time For Lying To Feds During Illegal Gambling Probe

Former MLB superstar Yasiel Puig is facing up to five years in prison … after he agreed to plead guilty to lying to the feds during their investigation of an illegal gambling ring. Federal prosecutors announced the plea deal on Monday afternoon … saying the ex-Dodgers outfielder intends to make a guilty plea to one … Read more