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Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for desired social outcomes. “Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change.” Aurel Hizmo, Principal Economist at the Federal Reserve, who prior to working at the Fed was an Assistant...

Haiti is back in the news... I thought the Clinton Foundation had fixed the place! Or Colin Powell in the 1990s. Or something. How soon until Biden sends in American troops? Or lets 500,000 Haitians come to America? Anyway, Haiti is in the state of nature right now, with gangs and mobs rampaging. And yet, as a smart left-leaning friend of mine (I do have a few of those—opposition research) points out, the murder rate in Haiti is lower than many American cities:

Federal Reserve Chair Jerome Powell said Thursday he expects to see some banks fail due to their exposure to the commercial real estate sector, which has declined significantly in value following the shift to remote work. Powell said the banks that are in trouble with falling office space and retail assets are not the big banks, which were designated as “systemically important” in the aftermath of the 2008 financial crisis. That episode, which resulted in a taxpayer bailout of the financial sector, was also triggered by unsound real estate assets. Rather, the banks at risk of failure now Powell identified...

According to mythology, Hades made King Sisyphus roll a huge boulder endlessly up a steep hill in Tartarus. Unfortunately, the modern day version of Sisyphus is the middle class pushing a boulder endlessly up a steep hill while the top 1% (the elite class) horde more and more wealth. An example of the Sisyphus economy? The top 1% of earners (blue line) have seen an incredible increase in net worth, particularly after Fed Chair Alan Greenspan’s big rate cuts (green line) from 2000 to 2004. Each subsequent rate cuts under Bernanke (2007-2008) and Yellen (who just kept rates too low...

Giuliani's business contracts tie him to the man who let 9/11's mastermind escape the FBI Three weeks after 9/11, when the roar of fighter jets still haunted the city's skyline, the emir of gas-rich Qatar, Sheikh Hamad bin Khalifah al-Thani, toured Ground Zero. Although a member of the emir's own royal family had harbored the man who would later be identified as the mastermind of the attack—a man named Khalid Sheikh Muhammad, often referred to in intelligence circles by his initials, KSM—al-Thani rushed to New York in its aftermath, offering to make a $3 million donation, principally to the families...

As Commander Cody sang, “We have too much debt.” “The prices of some things will decline. Others will go up. But we don’t expect to see a decline in the overall price level,” said Federal Reserve Chair Jerome Powell, Nvidia stock hitting new highs, its market cap soaring to $1.78trln. “That doesn’t tend to happen in economies, except in very negative circumstances. What you will see, though, is inflation coming down,” explained the Fed Chairman, the average American neither understanding nor caring about the nuance. “I would say this. In the long run, the US federal government is on an...

Federal Reserve Chair Jerome Powell said “the U.S. is on an unsustainable fiscal path” in an 60 Minutes interview with Scott Pelley released Sunday. “The U.S. federal government’s on an unsustainable fiscal path. And that just means that the debt is growing faster than the economy. So, it is unsustainable. I don’t think that’s at all controversial,” Powell said when asked if the national debt is a danger to the economy.

POWELL NOTES FED DISCUSSED TIMING OF RATE CUTS AT FOMC … With core inflation still twice as high as the Fed’s 2% targe, perhaps the relaxed sense of dovishness coming out of the last FOMCdeserves some scrutiny and historical perspective. According to a recent report from BoA’s Jared Woodard who heads the bank’s Research Investment Committee, the “Fed’s cuts next year could reignite structural inflationary forces” (which we warned of earlier this month as there are multiple “parts of the economy proving robust, even impervious, to rate hikes: record government deficits; high household savings, rising wages & record home prices;...

In a surprising move, the Federal Reserve is hinting at multiple rate cuts in 2024, sparking questions about the stability of the financial system. This decision has historical echoes, as every major rate cut since the 1970s has been followed by a substantial 30% drawdown in the S&P 500. For the first time in recent history, Chair Powell’s alignment with market expectations signals a potential departure from the usual cautious stance. The market has responded positively, with the S&P 500 on track for its 9th green day out of the last 10, reflecting investor confidence in the Federal Reserve’s promises.

Federal Reserve Chair Jerome Powell urged the central bank’s forecasters on Wednesday to remain flexible and “think outside” traditional economic models, as they continue to offer projections for a post-pandemic economy that has repeatedly confounded expectations. Powell touted the Division of Research & Statistics, which provides the Fed with economic data and analysis ahead of its interest rate decisions, at a conference celebrating the division’s 100th anniversary.

Former President Donald Trump is distancing himself from attorney Sidney Powell in the wake of her guilty plea in the Georgia election interference case. “Sidney Powell was one of millions and millions of people who thought, and in ever increasing numbers still think, correctly, that the 2020 Presidential Election was RIGGED & STOLLEN," Trump wrote in a post on his social media platform Truth Social on Sunday. "Despite the Fake News reports to the contrary, and without even reaching out to ask the Trump Campaign, MS. POWELL WAS NOT MY ATTORNEY, AND NEVER WAS," he wrote.*** Eric Segall, a law...

Sidney Powell, the attorney who used that catchphrase for her work to overturn the 2020 presidential election, pleaded guilty today to six misdemeanors in Fulton County, Georgia, as part of a sweeping racketeering case against Donald Trump and 16 others. Under the terms of the deal, Powell admitted she conspired to breach the election systems in Coffee County, Georgia. She recorded a proffer video with prosecutors that described the crimes and she agreed to testify at future cases. She also wrote an apology letter to citizens of Georgia and agreed to pay almost $9,000 in fines. The plea deal appears...

NEWS: Former Trump lawyer Sidney Powell is pleading guilty in the Georgia election subversion case, one day before her trial was scheduled to begin.

CNN legal analyst Elie Honig said Thursday on CNN’s “News Central” that Attorney Sidney Powell’s guilty plea in the Georgia election crimes case could be potentially “devastating for Donald Trump.” Partial transcript as follows: KATE BOLDUAN: Few people pushed it further than Sidney Powell. HONIG: Yeah, that’s right. It’s important to remember who Sidney Powell is, she’s one of Donald Trump’s closest loyalists. She’s somebody who Donald Trump has claimed he relied on her advice to proceed in his effort to try to steal this election. This is a major breakthrough for prosecutors, potentially a devastating development for Donald Trump,...

Sidney Powell, the Trump-aligned lawyer and conspiracy theorist indicted in Georgia and accused of participating in a plot to overturn former President Donald J. Trump’s election loss in 2020, pleaded guilty on Thursday morning to six misdemeanor counts of conspiracy to commit intentional interference of election duties. Ms. Powell, who appeared in a downtown Atlanta courtroom, was sentenced to six years of probation for the charges, a significantly less-severe outcome than she would have faced if found guilty of the charges for which she was originally indicted, which included a violation of the state racketeering law

The Justice Department is seeking 8 years in prison for a Pennsylvania woman accused of directing Jan. 6 rioters into the Capitol building with a bullhorn. Federal prosecutors said in a sentencing memo Wednesday that they are seeking eight years in prison for Rachel Marie Powell, 41, who was convicted of all charges brought against her in July. Obstruction of an official proceeding, destruction of government property, entering a restricted area with a weapon and engaging in violence on Capitol grounds were among her charges. The prosecutors said that they are seeking the eight-year sentence due to “her conduct on...

The Georgia election interference case just had an interesting new development, and it’s not looking good for attorney Sidney Powell, one of the defendants facing various charges related to efforts to change the outcome of the 2020 presidential election. One of her former cohorts has seen fit to throw her under the bus, so to speak. An attorney representing former New York Police Commissioner Bernard Kerik placed most of the blame for the debacle on Powell for making false claims about the election. A lawyer for an alleged co-conspirator in the Georgia 2020 election interference case has said that former...

Scott Hall, a Georgia bail bondsman, pleaded guilty to five counts of conspiring to commit intentional interference with performance of election duties. The deal includes Hall testifying at any trial for the other 18 defendants, including President Donald Trump Trump was not mentioned by name during Hall’s plea hearing, but a Fulton County prosecutor did mention co-defendant and former Trump attorney Sidney Powell as being involved in the alleged scheme to gain access to Dominion voting machines in Coffee County, Ga. The indictment identified Hall “as participating in an effort to access the voting machines and equipment in Coffee County...

Sidney Powell, a one-time attorney for former President Trump’s 2020 campaign who helped promulgate false claims of election fraud, has pleaded not guilty in the Georgia election interference case. Powell and 18 others including Trump are accused of joining a criminal conspiracy to keep Trump in power after he lost the 2020 presidential race by overturning the state’s election results. She faces seven charges, among them violating Georgia’s Racketeer Influenced and Corrupt Organizations (RICO) Act — a charge designed to target organized crime of which all the defendants are accused. The Trump lawyer’s other charges stem from a Coffee County...

The corrupt DA in Colorado claims gold star mom Tina Peters is a flight risk. Tina Peters is a gold-star mom and the subject of the film “Selection Code“. “[S]ELECTION CODE follows the story of Tina Peters the County Clerk in Mesa Colorado, who made a backup of her counties Dominion Voting System server, only to stumble across evidence of manipulation in a recent local city council election…. and also the 2020 general election. Tina’s discovery ignites a chain reaction upending her life. And upending the world.” She refused to illegally delete files from her voting machines after the 2020...