St. Louis Fed's Bullard: Inflation 'broader,
more persistent' than originally thought
Posted By: MDConservative, 5/12/2022 1:28:07 PM
Federal Reserve Bank of St. Louis President James Bullard said that high readings on inflation still concern central bank officials, reinforcing the need for higher interest rates. “Inflation is broader and more persistent than many have thought and the Fed will have to act in order to keep inflation under control and we’ve got a plan in place,” Bullard told Yahoo Finance in an exclusive interview on Wednesday. The Bureau of Labor Statistics reported Wednesday morning that prices in the United States rose by 8.3% between April of this year and April of last year.
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Federal Reserve Bank of St. Louis President James Bullard said that high readings on inflation still concern central bank officials, reinforcing the need for higher interest rates.
“Inflation is broader and more persistent than many have thought and the Fed will have to act in order to keep inflation under control and we’ve got a plan in place,” Bullard told Yahoo Finance in an exclusive interview on Wednesday.
The Bureau of Labor Statistics reported Wednesday morning that prices in the United States rose by 8.3% between April of this year and April of last year.
New Star Trek spin-off depicts January
6 riot leading to 'Second Civil War' and
'World War III' 25 replies
6 riot leading to 'Second Civil War' and
'World War III' 25 replies
The premiere of Star Trek: Strange New Worlds on Paramount Plus Thursday, appeared to allege that the January 6, 2021 riot at the US Capitol triggered the fictitious nuclear World War III on Earth in the sci-fi series timeline. The spin off from Star Trek: Discovery, based in cannon from the 1960's original series, showed the crew of the Enterprise discovering a pre-warp society with advanced technology, which warring factions on the planet are about to use against each other.
Forty years ago we had a soaring inflation rate, obscene gas prices and interest rates in the teens.
Today, thanks to their incredible incompetence, bad policies and serial stupidity, the Democrats in Washington are bringing back all those problems.
It’s getting so bad, I’m actually beginning to think Jimmy Carter was not such a bad president after all.
People under 40 have no idea how bad things were in the late 1970s under Carter.
They’ve grown up knowing only 3 percent interest rates, dirt cheap gasoline and 2 percent inflation.
They don’t know how miserable things were under Carter or how miserable they can get again under Biden.
It's tempting for Americans to get smug about the sinking of the Moskva, the Russian Navy's flagship in the Black Sea. Whether it was destroyed by Ukrainians or — less plausibly — sunk because of a non-combat onboard explosion of ammunition, the result is both a humiliation and a setback for Vladimir Putin's war efforts. If you're cheering Ukraine's defenders, it's hard not to take some satisfaction in that.
But America's fleet might also be more vulnerable than you think.
A transgender archer who won a state championship has been barred from women’s competitions after complaints.
KellyJeanne Pyne, who identifies as a female, was one of three competitors in the senior women’s freestyle event at the Texas Field Archery Association’s Indoor State Tournament on Feb. 26 near Fort Worth. She finished only one point ahead of the runner-up. “It felt good,” Pyne told KXAN. “It felt like I had achieved something, and then that was rapidly taken away.”
However, three female archers submitted official protests to the results, saying that Pyne, who is transgender, should not be competing in women’s events.
More than 60 Republicans on Tuesday voted against a resolution expressing support for NATO and calling on President Joe Biden to strengthen the organization's committement to defending democracy.
The resolution, introduced by Rep. Gerald Connolly, a Democrat from Virginia, was backed by a majority of the GOP caucus and every Democrat who voted.
Citing the threat posed by "authoritarian regimes" as well as "internal threats from proponents of illiberalism," the resolution calls on the Biden administration to uphold NATO's "founding democratic principles." It also advocates the creation of a "Center for Democratic Resilience"
Former House Speaker Newt Gingrich said that Republicans in Congress are "preparing to make history" by instituting new policies if the GOP retakes control of the House during midterms this fall.
President Joe Biden's approval rating has been underwater since August and currently stands at 42% per FiveThirtyEight. His unpopularity combined with inflation, security problems and other concerns are likely to help Republicans win House seats this fall.
Maryland Gov. Larry Hogan planning trips
to Iowa, New Hampshire amid presidential
bid speculation 33 replies
to Iowa, New Hampshire amid presidential
bid speculation 33 replies
Maryland Gov. Larry Hogan is planning trips to Iowa and New Hampshire. Rep. Adam Kinzinger, R-Ill., is considering a rough timeline for a potential presidential announcement. And allies of Rep. Liz Cheney, R-Wyo., are openly talking up her White House prospects. More than two years before the next presidential election, a shadow primary is already beginning to take shape among at least three fierce Republican critics of former President Donald Trump to determine who is best positioned to occupy the anti-Trump lane in 2024.
Republicans have long had a toughness fetish. Going back to the early days of the Cold War, its flip side has been the insinuation that Democrats are weaklings ready to sell out the country to its enemies, with the GOP eager to serve proudly and unapologetically as America's lone defenders abroad.
No one should be surprised that the script has already been updated to account for recent distressing events on the border separating Russia and Ukraine.
As Argentina signs up to China's belt
and road, Beijing finds itself on a new
path in Latin America 5 replies
and road, Beijing finds itself on a new
path in Latin America 5 replies
Argentina's entry into the Belt and Road Initiative is a significant advance in Beijing's bid to strengthen ties with Latin America, according to experts.
During a high-profile visit to Beijing last week for the opening of the Winter Olympics, Argentinian President Alberto Fernandez signed his country up for China's sweeping infrastructure programme, paving the way for investments worth more than US$23 billion.
Darrell Brooks Jr. on Friday pleaded not guilty to 77 charges, including six homicide counts, tied to the Waukesha Christmas Parade tragedy, but what exactly his defense team has in mind became clearer one day earlier.
In separate motions Thursday, defense attorney Jeremy Perri filed two key requests on behalf of the 39-year-old Milwaukee man, including a change of venue request that was not immediately discussed.
This is a response to an opinion piece by Janan Najeeb that mistakenly characterized the Latinx struggle for fair maps and equal representation in Milwaukee as a threat to Muslim voting rights or representation ("Milwaukee's Muslims simply want to be fairly represented by the Common Council," Jan. 30).
The struggle for the freedom of communities of color to have a fair and equal voice in our city can never be won if we allow ourselves to be manipulated by politicians who use the tactic of divide and conquer to pit one oppressed group against another.
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A whistleblower from the Federal Bureau of Investigation told Project Veritas founder and President James O’Keefe in a recorded interview posted late Wednesday that the FBI’s “direction” in recent months “troubles a vast majority of the agents.”
The source—a current FBI agent with counterintelligence, counterterrorism and criminal experience—came forward with new information about the FBI’s investigation into Project Veritas over Ashley Biden’s lost diary.
Armed FBI agents raided and ransacked two Project Veritas journalists’ homes on November 4, on the orders of federal prosecutors from the U.S. Attorney’s Office for the Southern District of New York, and raided O’Keefe’s apartment in Mamaroneck, N.Y., a couple of days later in connection with the
Senator Lindsey Graham has said he was wrong to describe Joe Biden as 'the best person' to lead the country after the January 6 insurrection.Graham was recorded praising Biden while speaking to New York Times reporter Jonathan Martin on the day of the riot itself - but changed his tune Thursday during an interview on Fox News.Anchor Jesse Watters asked the South Carolina senator during an evening broadcast whether he stood by his 2021 comments.'I was wrong,' replied Graham, 66, who has been in the Senate since 2003.Graham said he had high hopes for the presidency of his friend -
Joe Biden on Wednesday traveled to Illinois to deliver remarks on inflation and food supply shortages.Biden addressed the International Brotherhood of Electrical Workers 40th annual conference at McCormick Place Convention Center in Chicago after visiting a family farm in Kankakee, Illinois.Joe Biden began shouting out of blue (dementia) about food shortages caused by Democrat lockdowns during the Covid pandemic.Apparently Biden forgot there is also a food shortage happening
Let it be known that the politicians of the Democrat Party in Washington are either evil or cowardly with the exception of one.
Reports say that Democrats had brought Roe v Wade to the floor in order to codify it into law. The goal was to legalize abortion nationwide up until birth with what would be no limits. As you can imagine, every single Republican voted against this and they were joined by none other than West Virginia Democrat Joe Manchin who had indicated that he’d vote against it earlier in the day.
This resulted in Democrats being 11 votes shy of what they needed to pass Roe into law.
A mother has been left fuming after her 12-year-old daughter's teacher invited her to an after-school arts club that was actually a gender and identity group. Erin Lee, whose child was at Wellington Middle School in Colorado up until this year, slammed Jenna Riep for getting the youngster to go to the Genders & Sexualities Alliance event. She told how her daughter came home and revealed a speaker told them they may be transgender if they were not comfortable in their bodies. The horrified mother claimed they also asked kids who they were sexually attracted to and informed they could be queer while being shown a 'Genderbread person'.
Russia is now withdrawing some of its troops after suffering “heavy losses” in recent days, claimed the United Kingdom’s Ministry of Defense on Thursday.
In an update posted on social media, the ministry alleged that “Ukrainian forces are continuing to counterattack to the north of Kharkiv, recapturing several towns and villages towards the Russian border.”
“Despite Russia’s success in encircling Kharkiv in the initial stages of the conflict, it has reportedly withdrawn units from the region to reorganize and replenish its forces following heavy losses,” the agency said, referring to the second-largest city, located in northeastern Ukraine near the Russian border.
Dan Crenshaw reveals his true colors, again
26 replies
A few days ago, GOP Reps. Marjorie Taylor Greene from Georgia, and Dan Crenshaw from Texas, were involved in a heated online exchange over providing U.S. aid to Ukraine
Since Russia's incursion began, the U.S has supplied Ukraine with billions of dollars in aid. Back in March, the House and the Senate approved $13.6bn for ‘assistance’ to Ukraine. On Tuesday, the House approved $40 billion more in aid. At the beginning of the month, Biden had requested $33 billion but the House generously offered $7 billion more.
The aid to Ukraine comes as the US, under Biden, is struggling on several fronts.
Abortion, which is the killing of a human life, has been since its beginning inextricably linked to eugenics. That hasn't escaped thoughtful black observers such as Fox Business's Charles Payne, nor the GOP's Sen. Tim Scott of South Carolina who have effectively called out this appalling fact, much to the benefit of everyone.
Abortion, which involves targeting the most helpless, is never otherwise. We all know how black lives don't matter to the newspapers and networks in crime-infested blue cities -- it's even more of a problem with abortion
Washington Post fact-checker Glenn Kessler dismissed concerns the Biden administration was sending baby formula to border facilities during a nationwide shortage Thursday. Parents have been struggling to find the essential commodity in stores, with supply dipping to 43% below normal, according to Datasembly, which tracks product data for retailers. However, Kessler defended the administration's actions and called the concerns "faux outrage." "This is a ridiculous faux outrage. The shortage of baby formula is a serious issue that the administration is seeking to address. But at the same time, the administration cannot be faulted for following the law and providing baby
When you go woke, you run the risk of going broke, and apparently, Netflix is pulling the ripcord before the streaming giant good and fully faceplants.
Following a financial report that saw its stock price plummet 37 percent in late April, Netflix is now moving to adjust its culture and reengage its frustrated audience. A new “culture memo” dealing with “artistic expression” has been sent out, and it’s clearly a shot at the woke staffers who have been sandbagging the company. Excerpts come via The Daily Wire.
“If you’d find it hard to support our content breadth, Netflix may not be the best place for you,”
A pro-choice protester in a “Handmaid’s Tale” getup justified rallying outside Amy Coney Barrett’s home by saying the Supreme Court justice doesn’t understand what it’s like “to carry a pregnancy to term” — even though she’s given birth to five kids biologically.
The unidentified protester was one of six in red smocks and white bonnets who marched outside Barrett’s home in Falls Church, West Virginia, on Wednesday, according to video obtained by Fox News Digital.
The protester initially argued that Barrett, one of the justices expected to overturn national abortion rights given by Roe v. Wade, was biased by her devout Catholicism
Former Vice President Mike Pence is set to openly defy former President Donald Trump by holding a rally in support of Georgia Gov. Brian Kemp – who Trump has repeatedly attacked for failing to go after 'fraud' he blames for his 2020 election loss.'Brian Kemp is my friend, a man dedicated to faith, family and the people of Georgia,” the former vice president said. “I am proud to offer my full support for four more years of Brian Kemp as governor of the great state of Georgia.” Kemp is on a short list of public officials who most infuriated Trump as he and his allies sought to turn back
Comments:
This laughable idea from a Federal Reserve Bank President. Obviously this guy has never lived through one of these inflationary cycles. Unlike a recession, where the "cure" is to hype with low/no interest money, inflation takes bitter medicine that is anathema to polticians. Those of us who lived through the 70s remember the neverending "battle" that lasted about 15 years once the inflation genie escaped. No politician will take the risk of inducing a recession necessary to wring out inflation. Many of us here remember those 15%+ mortgage rates, 20% on car loans, and the gray that descended on the nation as it dealt with this devil. The government has flooded our economy with more than $12 TRILLION in three years...much "free sh-tuff" for STIMULUS. It won't recede soon, IMHO.