Fed Chair Jerome Powell: We won't hesitate to raise rates to tame inflation
CNN
Hindsight is 20:20, even for the Federal Reserve.
The US central bank is in the midst of a "whatever it takes" moment when it comes to inflation, but if Fed officials had known how high inflation would rise, they would have changed their course on policy earlier, Fed Chairman Jerome Powell said Tuesday.
"In hindsight, it would have been better to raise rates earlier," Powell said in an interview at the Wall Street Journal's Future of Everything event.
Stocks in Europe fell Tuesday and US stocks were set to open lower as investors continued to digest President Donald Trump’s clash with European leaders over ownership of Greenland.
New solid-state air conditioners could change the way homes, apartments and office buildings are cooled, eliminating the need for bulky compressor-type air conditioners and help meet the rising demand for cooling systems while providing for sustainably.
President Donald Trump threatened Saturday to impose new 10% tariffs on imports from several European countries. It could unravel months of progress made during trade negotiations settled after Trump’s trade war last year.
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Tech giants are in a heated race to build data centers and dominate the AI landscape. But America might not be ready for the energy demand.
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The Trump administration and a consortium of governors from northeastern states are asking PJM, the country’s largest electrical grid operator, to hold a power auction as part of an effort to make technology giants pay for surging power costs from new data centers.
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The end of production for the Nissan Versa means there are no new cars priced under $20,000 — a blow to some Americans who may find themselves priced out of the market.
The Trump administration is exerting political pressure on Stars & Stripes, the independent military newspaper that informs US servicemembers worldwide.