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.
A woman in Indiana who put off dental surgery because she doesn't know if she can afford the copay. A Florida couple with young children who are depleting their savings. A grandmother in Idaho who plans to sell her car to pay the rent. They are among the tens of thousands Transportation Security Administration officers set to receive another $0 paycheck this week.
Two people were killed and several others badly hurt when an Air Canada regional jet struck a fire truck on a runway while landing at New York's LaGuardia Airport, officials said.
Federal immigration officers have been seen at an airport in Atlanta after President Donald Trump said he'd deploy agents to supplement the Transportation Security Administration during a government shutdown that has caused long lines at security checkpoints across the country.
