Americans continue to experience higher energy prices. President Biden’s administration has reduced new offshore oil leases to their lowest levels ever, for the next five years. They cite…
Read MoreInflation
Federal Reserve Maintains Current Interest Rate
Chairman Powell anticipates addressing inflation into 2026. The Federal Reserve wrapped up a two-day long policy meeting this week, where the members decided to leave the interest rate…
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United Auto Workers Strike Big Three Manufacturers
The administration sends officials to facilitate progress toward an agreement. The United Auto Workers, the largest union in the nation, began a strike at midnight Friday against America’s…
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Federal Reserve Governor Says Interest Rates Likely to Rise
The inflation rate has still not reached the 2 percent goal. Federal Reserve Governor Michelle Bowman recently said that additional interest hikes “will likely be needed” to further…
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Federal Reserve Raises Interest Rates Again
Rates are now at a 22-year high. In its meeting Wednesday, the Federal Reserve increased interest rates by another quarter percent, still claiming the rate increases are necessary…
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House Considers Highest Defense Budget Ever
Funding proposed to strengthen America’s military and take care of service members. The House Armed Services Committee has sent to the floor for a vote the highest-ever Defense…
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President to Speak on “Bidenomics” in Chicago
The administration says the president’s focus will be on growing the middle class. President Joe Biden is scheduled to travel to Chicago on Wednesday, where he will attend…
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Fed Chair to Raise Interest Rates at “Careful Pace”
Chairman Powell testified before Senate Banking Committee on the rate of inflation. Chair of the Federal Reserve Jerome Powell recently testified before the Senate Banking Committee, where he…
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Federal Reserve Raises Interest Rates Again
Currently at 5 percent. Federal Reserve officials raised interest rates a quarter of a percent Wednesday. Rates are now at their highest since 2007. This increase is yet another…
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Labor Department Reports Inflation Fell in March
Still higher, at 5 percent, than the Federal Reserve target. The Bureau of Labor Statistics reported last week that inflation decreased one percentage point in March, ending at…
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