Category: Economy

Economy

Federal Reserve Increased Rates 0.75%, Blames USA’s Economic Hardship On War In Ukraine, Failed To Hold Biden’s Admin Responsible

WASHINGTON, DC (June 15, 2022)-- Overall economic activity appears to have picked up after edging down in the first quarter. Job gains have been robust in recent months, and the unemployment rate hasremained low. Inflation remains elevated, reflecting supply and demand imbalances, related to the pandemic, higher energy prices, and…
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Economy

Biden “Angrily Yelled While Complaining About Criticism His Administration Is Facing” Before AFL-CIO Convention

PHILADELPHIA  (June 14, 2022)--- today President Joe Biden delivered an extremely angry speech at the AFL-CIO Conference. Were changing people’s lives," Joe Biden angrily yelled while complaining about criticism his administration is facing," wrote CBS News. President Joe Biden told the largest federation of labor unions on Tuesday that he’s…
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Economy

Speaker Pelosi Alleged Has Violated Precedent By Refusing To Seat House GOP Leader McCarthy To The Select Committee

WASHINGTON, DC (June 9, 2022)--- By refusing to seat House Republican Leader Kevin McCarthy's appointees to the Select Committee, Speaker Nancy Pelosi has violated 232 years of precedent. While families are struggling to afford gas that is averaging $5 a gallon nationwide and inflation that is still near a 40-year high,…
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Economy

Average Price Of Gasoline In California Increasing Daily: Latest Increase 3.3 Cents To $6.11 And Today’s National Average For A Gallon Of Gas Is $4.62

SAN DIEGO (June 1, 2022) – The average price of a gallon of self-serve regular gasoline in San Diego County rose Wednesday to a record for the fifth consecutive day, increasing 3.3 cents to $6.114, its sixth consecutive increase. The average price has risen 9.6 cents over the past six…
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Consumer

Treasury Secretary Yellen Admitted She Failed To Anticipate How Long High Inflation To Plague American Consumers

WASHINGTON, DC (June 1, 2022)--US Treasury Secretary Janet Yellen admitted Tuesday that she had failed to anticipate how long high inflation would continue to plague American consumers, as the Biden administration works to contain a mounting political liability. "I think I was wrong then about the path that inflation would…
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Consumer

Consumer Price Index Increased 0.3% In April, Food Increased 0.9%, Its 17th Consecutive Increase Under The Biden’s Administration

WASHINGTON, D.C. (May 11, 2022)--- The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis after rising 1.2 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.3 percent…
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Banking

Federal Reserve issues FOMC statement: Raises Interest Rates 0.50 Percent, Largest Since 2000

WASHINGTON, D.C. (Mary 4, 2022)-- The Federal Reserve raised short-term interest rates by 0.50%, as part of an effort to tamp down the inflationary pressures weighing on Americans. The central bank suggested that it will further raise borrowing costs throughout this year as it attempts to undo its pandemic-era, easy money…
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