Fed’s Clarida Acknowledges ‘Much More
Than Moderate Overshoot’ of Inflation Target
Posted By: earlybird, 11/8/2021 6:26:32 PM
Federal Reserve Vice Chairman Richard Clarida said on Nov. 8 that inflation this year has been far higher than the Fed expected, and while he still believes inflationary pressures are transitory and will dissipate “over time,” a longer run of elevated prices would amount to a policy failure on the part of the central bank. (snip) “Let me be clear on two points. First, realized PCE inflation so far this year represents, to me, much more than a ‘moderate’ overshoot of our 2 percent longer-run inflation objective, and I would not consider a repeat performance next year a policy success,”
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A top infectious disease doctor has raised alarm about COVID-19 vaccine mandates despite top federal officials recommending them for businesses, schools, and other institutions.
Dr. Matthew Memoli, who runs a clinical studies unit within the National Institutes of Health’s National Institute of Allergy and Infectious Diseases—headed by Dr. Anthony Fauci—is scheduled to argue against COVID-19 vaccine mandates during a Dec. 1 seminar hosted by the agency, according to David Wendler, a senior NIH bioethicist who is planning the seminar.
“There’s a lot of debate within the NIH about whether [a vaccine mandate] is appropriate,” he told the Wall Street Journal. “It’s an important, hot topic.”
CCP Media Says Large Number of Officials
‘Lack Confidence in the CCP,’ Could
Flee at Any Time 10 replies
‘Lack Confidence in the CCP,’ Could
Flee at Any Time 10 replies
Eight years ago, Chinese Communist Party (CCP) General Secretary Xi Jinping suggested problems were eminent for party officials who choose to become “naked officials.” He was referring to those who send their spouses, children, and money abroad to make it easier to “jump ship” whenever they want to. Just recently, the CCP media reiterated Xi’s words criticizing party officials for being physically in China, but mentally abroad.
To draw attention to this matter, the CCP Central Discipline Inspection Commission recently quoted an article published in the Study Times telling the story of three “naked officials” and suggesting there are more.
The first was Cao Jianliao, the former vice mayor of Guangzhou city.
We are witnessing a very specific type of electoral frustration caused by officials within a system attempting to stop a communist style fundamental change by taking action within the same system simultaneously collapsing through the actions of the communists.
(Snip)
in this new era, where collapsing the U.S. economic and social system is the objective, the polling is irrelevant.
The Obama plan to use Biden as a disposable figure was designed for one specific four year term of maximum damage.
(Snip)
Evidence of this purpose is found in the White House telling businesses to continue operating as if the vaccine mandate is legally authorized, despite a court ordered injunction against it {data here}.
The Twitter-sphere, The Daily Mail, and even The Sacramento Bee were looking everywhere for Gavin Newsom on Monday after the California governor canceled events and ducked out of sight for a few days.
Did he have COVID or a reaction to his recent booster shot? Nope. Newsom was at the Ivy Getty wedding on Saturday at City Hall, a guest and two media outlets say.
Getty is a billionaire oil heiress and great-granddaughter of oil tycoon J. Paul Getty. Speaker of the House Nancy Pelosi officiated the 500-person wedding under the grand rotunda of the closed City Hall.
Durham wins over toughest critic with
revelations of Dem scheme behind Trump-Russia probe 12 replies
revelations of Dem scheme behind Trump-Russia probe 12 replies
Special counsel John Durham’s latest indictments impugn the source of the now-debunked Steele dossier’s most salacious accusations, which quickly elevated Mr. Durham from zero to hero in the eyes of some of his harshest critics.
His investigation into suspected wrongdoing by FBI officials in launching the Trump-Russian collusion investigation was viewed as a laughingstock by former President Donald Trump and his supporters. They mocked the investigation for taking more than two years to produce only one guilty plea.
But the investigation roared to life this fall as Mr. Durham secured indictments against two defendants with ties to the Democratic Party.
Durham investigation uncovers deep links between the Steele dossier and Clinton-world
Biden Administration Sends Notices to
Appear to Tens of Thousands of Illegal
Immigrants Inside US 20 replies
Appear to Tens of Thousands of Illegal
Immigrants Inside US 20 replies
President Joe Biden’s administration is sending notices to tens of thousands illegal immigrants who were released into the U.S. interior without being given a date to appear in court, the government confirmed to The Epoch Times.
Immigration and Customs Enforcement (ICE) “is mailing charging documents to place noncitizens in removal proceedings who have been paroled or released under prosecutorial discretion by Customs and Border Protection,” an ICE spokesman told The Epoch Times in an email.
The illegal immigrants, numbering about 78,000, will receive packets of documents, including ones directing them to report to the ICE office closest to where they’re living, and that they will be processed for possible deportation.
Federal Reserve Vice Chairman Richard Clarida said on Nov. 8 that inflation this year has been far higher than the Fed expected, and while he still believes inflationary pressures are transitory and will dissipate “over time,” a longer run of elevated prices would amount to a policy failure on the part of the central bank.
(snip)
“Let me be clear on two points. First, realized PCE inflation so far this year represents, to me, much more than a ‘moderate’ overshoot of our 2 percent longer-run inflation objective, and I would not consider a repeat performance next year a policy success,”
An interview by Maria Bartiromo this morning highlights one of the dynamics almost invisible to most voices who speak on a granular level about the background of Spygate, and where they believe John Durham is going. In this interview, former Director of National Intelligence John Ratcliffe outlines the moment in August of 2016 when Team Obama (he uses John Brennan) tells the president what Team Clinton is doing.
To set the correct context to understand the importance of what Ratcliffe is outlining here, it is important to remember that inside the executive branch of government, heading into the 2016 election, the two distinct camps were operating based on their
Durham And Big Picture Stuff
4 replies
Hillary begat Mueller, and Mueller begat Biden.
It’s interesting that John Durham’s indictment of Igor Danchenko appears to be exciting more speculation about targets within the Clinton Campaign than did the indictment of a pretty bona fide insider like Michael Sussmann. The reason for this seeming irony is actually clear enough. Chuck Dolan, while not an “apex defendant” in the usual sense, nevertheless points to involvement of actual Clinton Campaign personnel being involved in concocting the Clinton Dossier—not just paying for BS oppo research that (supposedly) fooled the FBI.
Jonathan Turley and Shipwreckedcrew, experienced lawyers both, address the ramifications, each in their own way but in ways that, naturally enough, dovetail
If Kavanaugh And Barrett Betray Pro-Lifers,
We Must Blow Up The Conservative Legal Movement 31 replies
We Must Blow Up The Conservative Legal Movement 31 replies
Less than a handful of years after their hard-won elevation to the Supreme Court, Justices Brett Kavanaugh and Amy Coney Barrett are sending a chill down the spines of conservatives with a string of bad signals from their seats on the court.
In July, Kavanaugh and Barrett joined the court’s leftist majority in declining to hear Arlene’s Flowers v. Washington, a critical religious liberty case. They again sided with the court’s left in a similar decision to turn away a religious exemption challenge to Maine’s vaccine mandate — which Justices Neil Gorsuch, Samuel Alito, and Clarence Thomas took pains to note was staggering in its hypocrisy.
You don’t have to like Aaron Rodgers to pump your fist when he drops COVID truth bombs on a hit sports talk show.
The Green Bay Packers quarterback, who is currently under fire from the COVID scolds for being “secretly” unvaccinated and contracting the virus, joined “The Pat McAfee Show” to discuss his situation. And let’s just say he didn’t hold back. Here are the top nine most based things Rodgers said.
1. ‘You’re Selfish’ Smear Is Media Propaganda
The idea that “unvaccinated people are the most dangerous people in society,” is the media’s “propaganda narrative,” Rodgers said.
As the fallout continued for the 13 Republican lawmakers who joined forces with Nancy Pelosi’s House Democrats to pass the $1.2 trillion infrastructure bill late Friday night, Rep. Marjorie Taylor Greene (R-GA) fired up her Twitter machine and praised Rep. Alexandria Ocasio-Cortez (D-NY) and her fellow Squad comrades for voting “no” on the bill, and also slammed the Republican “traitors.” In a single tweet.Marjorie Taylor Greene at her best, America:
Here are the “Republicans” that just voted to help Biden screw America.
But 6 Democrats did more than these 13 traitor Republicans to stop Biden’s fake Infrastructure bill by voting NO. AOC Tlaib Pressley Omar Bush Bowman
Most Active Articles (last 48 hours)
The wife of California Governor Gavin Newsom took to social media to defend her husband and call out 'haters without a life' who criticized Newsom's 12-day disappearance from public view in a since-deleted tweet. 'It's funny how certain folks can't handle truth,' California First Lady Jennifer Siebel Newsom wrote. 'When someone cancels something, maybe they're just in the office working; maybe in their free time they're at home with their family, at their kids' sports matches, or dining out with their wife.(Snip)Newsom was last seen in public on October 27, receiving a COVID-19 booster shot in Oakland. He said it was painless and then flexed
Canadian becomes world’s first patient
to be diagnosed as suffering from ‘climate change’ 44 replies
to be diagnosed as suffering from ‘climate change’ 44 replies
A Canadian is thought to be the first person in the world diagnosed with a condition caused by climate change. Dr Kyle Merritt examined the senior citizen who suffered from asthma and faced breathing difficulties when they arrived at the emergency department in Nelson, British Colombia. Health workers said poor air quality and heatwaves were responsible for the patient’s symptoms, prompting Dr Merritt to make his first climate change clinical diagnosis. “It’s me trying to process what I’m seeing,” he told Glacier Media. “If we’re not looking at the underlying cause, and we’re just treating the symptoms, we’re just gonna
Former President Barack Obama called on world leaders to save the planet, but he couldn’t quite identify which country he was in.
Mr. Obama’s speech Monday at the COP26 climate-change summit is being mocked for his reference to host Scotland as part of the “Emerald Isles,” which is a nickname for Ireland. “Since we’re in the Emerald Isles here let me quote the Bard, William Shakespeare,” Mr. Obama said. “‘What wound,’ he writes, ‘did ever heal but by degrees?’” Observers pointed out Mr. Obama actually committed two gaffes in the same breath. Shakespeare is considered the bard of England—yet another country. Scotland’s bard is poet Robert Burns.
Tacoma, Wash.—A metallurgist in Washington state pleaded guilty to fraud Monday after she spent decades faking the results of strength tests on steel that was being used to make U.S. Navy submarines.
Elaine Marie Thomas, 67, of Auburn, Washington, was the director of metallurgy at a foundry in Tacoma that supplied steel castings used by Navy contractors Electric Boat and Newport News Shipbuilding to make submarine hulls. From 1985 through 2017, Thomas falsified the results of strength and toughness tests for at least 240 productions of steel—about half the steel the foundry produced for the Navy, according to her plea agreement, filed Monday in U.S. District Court in Tacoma.
Congress is requiring in its $1.2 trillion infrastructure bill that automakers install monitoring systems in their cars to stop drivers from operating their vehicles while intoxicated. The bipartisan package, which is on its way to the president's desk after passing the House on Friday, allocates around $17 billion for the road safety programs. Monitoring systems to stop drunk drivers would roll out in all new vehicles as early as 2026, according to the new legislation. First, however, the Transportation Department would have to assess what the best form of technology is and give automakers ample time to comply. DOT Secretary Pete Buttigieg said Monday that the safety programs included
Is some massive, embarrassing bombshell about to drop on the heads of Donald Trump and Republicans? That’s the claim by Frank Luntz, the grifting political consultant who was once a staple on Fox News.(related Lumpy GOP Consultatant Trashes Nurse Who Refused COVID-19 Vaccine and Gets It Totally Wrong) Per Luntz, a “major story” that will prove “embarrassing” is about to drop and it has something to do with January 20th. That claim is apparently originating with Jon Karl, yet another leftwing media hack who has decided to his allegations are so important that they can be held for a year until his book drops. Can’t you just feel the urgency?
This spring, he was auditioning to be the host of “Jeopardy!” Nearly every day, he pops up on television ads for national brands like State Farm insurance. And on Sundays this fall, he has led the Green Bay Packers to a division-best 7-2 record. [SNIP] So when news broke that he tested positive for the coronavirus last week and was unvaccinated, Rodgers justified his decision to not get vaccinated by speaking out against the highly effective vaccines and spewing a stream of misinformation and junk science
When U.S. Energy Secretary Jennifer Granholm was asked a direct question about skyrocketing gas prices, her response was as telling as it was disappointing. Instead of offering middle-class Americans an explanation or an apology or a sliver of hope, she let out a hearty laugh.
“Oh my…that is hilarious! As you know, oil is a global market. It is controlled by a cartel, that cartel is called OPEC, and they made a decision yesterday that they were not going to increase [production] beyond what they were already planning.”
Boom: The Star Witness for Prosecution
in Rittenhouse Trial Just Blew Up the
State's Case 36 replies
in Rittenhouse Trial Just Blew Up the
State's Case 36 replies
The man wounded by Kyle Rittenhouse on August 25, 2020, during the Kenosha, Wisc., riots blew up the state’s case against the accused murderer under cross-examination on Monday afternoon.
Though Gaige Grosskreutz spent a couple of hours on the witness stand, the man Rittenhouse wounded that night blew up the state’s case in one short span of cross-examination on Monday. Two other men were killed by Rittenhouse that night.
Grosskreutz was a medic and was a peripatetic protester. He lived in Milwaukee and traveled to Kenosha to continue his 75-day protest streak following the death of George Floyd and the wounding of Jacob Blake in Kenosha. He live-streamed
The Biden administration in just the past year alone stockpiled the records of more than 54 million U.S. gun owners and is poised to drastically alter gun regulations to ensure that information on Americans who own firearms ultimately ends up in the federal government's hands, according to internal Alcohol, Tobacco, and Firearms (ATF) documents obtained by the Washington Free Beacon. [snip] The procurement of these records by the ATF comes as the Biden administration moves to alter current laws to ensure that gun records are stored in perpetuity. Currently, gun shops can destroy their records after 20 years, thereby preventing the ATF from accessing the information in the future.
Poor countries, rocked by storms and flooding from climate change, have spent years trying to hold the big carbon-emitters accountable. While most rich nations have fiercely resisted this liability, attendees at COP26 will give it another try in Glasgow next week. The US is the $2 trillion elephant in the room. That figure is a rough estimate (most likely at the very low end) of how much the world’s largest economy could owe other nations if it accepted liability for the “loss and damage” caused by its historical emissions of carbon dioxide, according to Richard Tol, an economics professor at
When Obama was President, he couldn’t go more than a few minutes without gushing about himself. Turns out, some things never change.During a fear-mongering speech about how the world will end shortly because of climate change, Obama couldn’t help but talk about himself and his current lifestyle since leaving the Oval Office.“Traffic is a thing again. Music doesn’t play when I walk into the room. On the positive side, I can give a speech like this without wearing a tie and not create a scandal back home,” said the failed 44th President.“I hope. But even though I’m not required to attend summits like this anymore