What Fed must do now after Jerome Powell's Jackson Hole epiphany
Fox News
Fed Chair Jay Powell admits at Jackson Hole that tariffs don't fuel persistent inflation, sparking market rally as Dow breaks 45,000 amid rate cut expectations.
Peter Navarro is the White House senior counselor for trade and manufacturing.
The implication is clear: whether the impact is zero or merely a one-time step-up in prices, there is absolutely no justification for the Fed to hide behind "tariff uncertainty" as an excuse for overly restrictive interest-rate policy.
This really is a historic epiphany from a Fed chair who has long misunderstood the power of Trumpnomics – the four beautiful horsemen of economic growth and price stability: tax cuts, deregulation, strategic energy dominance and fair trade.
Former Sen. Bob Menendez permanently banned from New Jersey public office after historic federal bribery conviction involving foreign agent charges.
The U.N. formally begins the selection process for António Guterres' replacement as Secretary-General, with his tenure ending December 31, 2026.
President Donald Trump unveils a 33-page national security blueprint with a corollary to the Monroe Doctrine aimed at reasserting U.S. influence.
CNN anchor Jake Tapper incorrectly described pipe bomb suspect Brian Cole Jr. as a "30-year-old White man from the DC suburbs" while covering his arrest.
FBI Assistant Director Ben Williamson calls MS NOW report about Kash Patel ordering agents to drive intoxicated friend home '1,000% false.'
Senate Republicans urge Secretary of State Marco Rubio to revise vetting standards for Afghan nationals after Rahmanullah Lakanwal shot two National Guard members.
Republican Study Committee Chairman August Pfluger introduces the "More Affordable Care Act" to scale back Obamacare and create Trump Health Freedom Accounts.
Virginia man Brian Cole, who allegedly planted the two pipe bombs at the U.S. Capitol, told investigators he has doubts over the 2020 election results.
Vice President JD Vance indicated that U.S. voters are "impatient" for additional headway on prices and the economy, NBC News reported.
New York prosecutors released the 911 call from a McDonald's manager that led to Luigi Mangione's arrest in the murder of UnitedHealthcare CEO Brian Thompson.
The Department of Homeland Security said arrested at least a dozen criminal illegal immigrants in Minneapolis during Operation Metro Surge, including gang members and sex offenders.
Newark Liberty International Airport has ranked as America's most stressful airport in a comprehensive new study, scoring 18.46 out of a possible 100 amid record holiday travel.
FBI director suggests 'sheer incompetence' or 'negligence' in Biden admin handling of pipe bomb case
FBI Director Kash Patel criticizes Biden administration for failing to solve U.S. Capitol pipe bomb case for four years before Brian Cole Jr. was arrested.