The Fed has a new plan to avoid recession: Party like it's 1994
CNN
Wide leg jeans, butterfly clips and half-point rate increases: The 1990s are back.
Earlier this month Federal Reserve chair Jerome Powell announced a half-percentage-piont increase in interest rates, the largest hike in over two decades. Powell also indicated that he wouldn't hesitate to do it again — a move straight out of the central bank's 1994 playbook, when the Fed last tempered the US economy and successfully executed a so-called soft landing.
In the 12 months that followed February 1994, the Fed, under former Chair Alan Greenspan, nearly doubled interest rates to 6% in just seven hikes, including two half-point increases and one three-quarter-point hike.
Texas judge orders Attorney General Ken Paxton’s divorce records unsealed amid heated Senate primary
Court documents detailing the divorce of Republican U.S. Senate candidate and Texas Attorney General Ken Paxton and his wife, state Sen. Angela Paxton, were released Friday by order of a judge, months after she filed citing “biblical grounds.”
An oil and chemical tanker sanctioned by the United States has entered Venezuelan waters, ship tracking data showed, despite US President Donald Trump declaring a “total and complete blockade” of such vessels transiting the country.
The Justice Department’s partial release of its files related to Jeffrey Epstein on Friday marked a moment of triumph for Epstein survivor Maria Farmer and her sister Annie, who have said for years that Maria had filed one of the first complaints against Epstein in the 1990s.
‘Twas the week before Christmas in a Montreal store, when Santa stole groceries, then walked out the door.
The US struck multiple targets in Syria on Friday that the US military tied to ISIS as retaliation for the recent attack against American troops there that killed two service members, according to two US officials.
CNN is tracking delays and cancellations for flights traveling to, from or within the US using data from FlightAware. Data updates every 15 minutes.
Republican Rep. Elise Stefanik announced Friday she was ending her short-lived bid for governor of New York and would not run for another term in Congress.
In his latest effort to lower drug costs, President Donald Trump unveiled Friday “Most Favored Nation” pricing deals with nine more pharmaceutical companies.
At least seven Colombian soldiers were killed and 30 wounded Thursday when a guerrilla group attacked an Army base with drones and explosives, the military said.
The Supreme Court on Friday sided against the Trump administration, keeping alive a federal lawsuit from immigration judges who are attempting to challenge a policy that limits their ability to speak publicly.
The Department of Homeland Security announced its intention to pause a visa program intended to admit certain individuals to the United States, though it’s unclear whether it’s been suspended entirely.
New signage is being installed at Washington, DC’s performing arts center on Friday to include President Donald Trump’s name.
A simmering battle over the future of President Donald Trump’s political movement exploded on one of the right’s biggest stages Thursday, as prominent conservative influencers used Turning Point USA’s annual youth conference to attack each other and their competing visions.