Town Hall News

By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell said on Friday it is still unclear if interest rates will need to rise further, as U.S. central bank officials balance uncertainty about the impact of past hikes in borrowing costs and recent bank credit tightening with the fact that inflation is proving hard to control. In carefully scripted remarks at a Fed research conference in which Powell was interviewed […]

By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell said on Friday it is still unclear if interest rates will need to rise further, as U.S. central bank officials balance uncertainty about the impact of past hikes in borrowing costs and recent bank credit tightening with the fact that inflation is proving hard to control. In carefully scripted remarks at a Fed research conference in which Powell was interviewed […]

By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell said on Friday it is still unclear if interest rates will need to rise further, as U.S. central bank officials balance uncertainty about the impact of past hikes in borrowing costs and recent bank credit tightening with the fact that inflation is proving hard to control. In carefully scripted remarks at a Fed research conference in which Powell was interviewed […]

HIROSHIMA, Japan (AP) — President Joe Biden on Friday endorsed plans to train Ukrainian pilots on U.S.-made F-16 fighter jets, according to two people familiar with the matter, as he huddled with leaders of the world’s most powerful democracies on plans to toughen punishments on Russia for its 15-month invasion of Ukraine. The Group of Seven leaders were convening in Hiroshima, where President Volodymyr Zelenskyy is to join them on […]

WASHINGTON (Reuters) -Talks between U.S. House of Representatives Republicans and President Joe Biden’s administration about raising the debt ceiling paused on Friday, the lead Republican negotiator said while the White House said a deal remains possible. The two sides have little time to agree on a deal to raise the federal government’s $31.4 trillion borrowing limit or risk a catastrophic default. The Treasury Department has warned that the government could […]

(Reuters) – Einer Rubio thwarted Thibaut Pinot and Jefferson Cepeda to win the shortened 74.6km-stage 13 of the Giro d’Italia on Friday after a bizarre delayed start, with organisers forced to change the route due to adverse weather conditions. Colombian rider Rubio (Movistar) delivered a perfectly-timed sprint to race past Cepeda (Education–EasyPost) and then Pinot (Groupama–FDJ) on the final climb at Crans Montana to snatch victory and earn his first […]

By Gram Slattery and Jason Lange WASHINGTON (Reuters) -Republican U.S. Senator Tim Scott has entered the 2024 presidential race, according to a filing with the U.S. election regulator on Friday, in what amounts to a long-shot bet that a message of unity and optimism can still appeal in a party where many voters are hungry for a bare-knuckled fight. The impoverished child of a single mother and the only Black […]

WASHINGTON (Reuters) -Talks between U.S. House of Representatives Republicans and Democratic President Joe Biden’s administration about raising the federal government’s $31.4 trillion debt ceiling have been paused, U.S. media quoted the lead Republican negotiator as saying on Friday. “We’re not there,” multiple U.S. media outlets quoted Representative Garret Graves, House Speaker Kevin McCarthy’s designated lead negotiator in talks, as saying. “We’ve decided to press pause because it’s just not productive.” […]

By Tatiana Bautzer, Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -Morgan Stanley CEO James Gorman plans to step down over the next year, drawing to a close 13 years at the helm during which he built the Wall Street firm into a wealth management powerhouse. Gorman, 64, told shareholders on Friday the bank’s board has identified three strong candidates to succeed him, without naming them, and that he will […]