Matt Gagnon discusses the Federal Reserve’s decision not to cut interest rates, suggesting that Chair Jerome Powell’s conservative stance is driven by a desire to maintain economic stability rather than political motivations. Gagnon criticizes the Federal Reserve’s manipulation of interest rates, citing historical examples like the housing bubble. He argues that political influence on interest rates could lead to artificial economic booms and subsequent bubbles. Gagnon also criticizes the EU trade deal as a political win, predicting that tariffs will eventually lead to increased consumer prices and inflation. He emphasizes the importance of the Federal Reserve’s independence from political pressure.
The horse-drawn carriages that have cruised through Central Park for more than 150 years will soon be banished from New York City, ending an iconic tradition beloved by tourists but long opposed by animal welfare activists.
Trees fell onto homes and utility poles were knocked down by a possible tornado in a central Arizona community during a series of violent storms that moved through the state overnight into Thursday.
The Orionids — one of two major meteor showers caused by remnants from Halley's comet — will peak this week, though a large moon will dim visibility until after it sets late at night.
Six Flags Over Georgia opened its gates Friday evening for the first time since a man fell to his death from one of the amusement park's towering roller coasters.
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