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The editorial board of Rupert Murdochâs WSJ hits Trump where it hurts.
According to Paul Krugman, scamming working-class Americans is what the president-electâs âwhole life has been around.â
The Donald Trump appointee added that the election will have âno effectsâ on interest rate decisions.
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The rally crowd was reacting to a reporter asking the Republican vice presidential nominee for his reaction to the Fedâs half-point interest rate cut.
âGiven the resilience of the economy recently, they are no longer forecasting a recession,â Federal Reserve Chair Jerome Powell said Wednesday.
After a one-month hiatus, the central bank raised its key interest rate by a quarter point on Wednesday.
A decrease in the price of energy and food staples like eggs helped keep the inflation rate in check.
A report blamed a set of 2019 rule changes that relaxed scrutiny on all but the biggest banks.
Sloppy management and a questionable âbusiness modelâ led to the collapse, the countryâs top financial regulator claims.
It marks the ninth consecutive rate hike since last March, with chair Jerome Powell warning that a âbumpyâ road lies ahead in combating high inflation.
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