The Fed's slow response to inflation was a mistake, says ex-chair Ben Bernanke
CNN
The first rule of running the Federal Reserve is: You do not criticize the Federal Reserve.
An unspoken edict amongst former Fed chairs has been to not speak ill of their successors to preserve the apolitical nature of and trust in the institution. But former Fed Chair Ben Bernanke broke those rules on Monday morning when he said that the central bank had erred in its approach to addressing 40-year-high inflation.
"The question is: Why did they delay that? ... Why did they delay their response? I think in retrospect, yes, it was a mistake," he said during an interview on CNBC's Squawk Box Monday. "And I think they agree it was a mistake."
In Venezuela, daily routines seem undisturbed: children attending school, adults going to work, vendors opening their businesses. But beneath this facade lurks anxiety, fear, and frustration, with some even taking preventative measures against a possible attack amid the tension between the United States and Venezuela.
Heartbreaking pleas for help poured into the Kerrville, Texas, police department’s Telecommunications Center as the deadly catastrophic floods swept across Texas Hill Country in the early hours of July 4.
Rep. Adelita Grijalva said Friday she was pepper-sprayed and pushed around during an Immigration and Customs Enforcement raid in Tucson, Arizona, a claim that the Department of Homeland Security swiftly disputed.
The alleged drug traffickers killed by the US military in a strike on September 2 were heading to link up with another, larger vessel that was bound for Suriname — a small South American country east of Venezuela – the admiral who oversaw the operation told lawmakers on Thursday according to two sources with direct knowledge of his remarks.
The first week of testimony in Brian Walshe’s murder trial in Dedham, Massachusetts, has come to an end. The jury heard from about two dozen witnesses called by the commonwealth in its case against Walshe as prosecutors work to prove he killed his wife, Ana Walshe, around New Year’s Day in 2023.
The US Army officially stood up a new command on Friday to oversee the Army’s activities in the Western Hemisphere in the latest signal of increasing focus on homeland defense.
A former high-level Drug Enforcement agent was indicted on charges of conspiring to traffic drugs and launder millions of dollars for a Mexican cartel.
A federal judge in Florida ordered the unsealing of grand jury transcripts and other records in the investigation into Jeffrey Epstein granting the Justice Department’s request.
The Indiana House approved new congressional maps designed to hand Republicans all nine of the state’s US House seats on Friday, setting the stage for a showdown next week in the state Senate.
Honduran presidential candidate Salvador Nasralla said last-minute interference from US President Donald Trump in the country’s closely fought election had damaged his chances of winning and left him trailing as vote counting dragged on.
Vice President JD Vance said he and second lady Usha Vance are largely amused by the online chatter dissecting their marriage, including a recent spate of headlines over photos of her without a wedding ring.
During interviews with the FBI, the suspect arrested in the pipe bomb probe told investigators that he believed the 2020 election was stolen, providing perhaps the first indication of a possible motive for the bombs placed near the DNC and RNC headquarters, people briefed on the matter said.
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