chair jerome powell'>Fed Chair Jerome Powell keeps the money train rolling for stock and credit risk-takers
Economists expect the central bank’s postmeeting statement at 2 PM today to leave policy unchanged, but investors will watch a subsequent news conference with the Fedchair for any hints at when officials might begin to pull back their economic support.
The Fed reiterated that price spikes won't last, yet consumers are worried and politicians edgy. Tapering the Fed's bond buying wouldn’t directly counter inflation, but this has to happen sometime and would give Chair Jay Powell cover, @GinaChon says.
Treasury Secretary Janet Yellen is worth an estimated $20 million—merely well-off on Trump’s team, but downright rich among Biden’s bunch. Here's how she earned more than $7 million giving speeches in corporate America after leaving as Fedchair in 2018:
Jeff Bezos will step down as CEO of Amazon and transition to exec. board chair later this year. He made $90 billion last year during the pandemic while: ◾️He cut hazard pay in June ◾️He fired workers for trying to unionize ◾️At least 20,000 workers tested positive for #COVID19
McConnell is threatening to filibuster the Organizing Resolution which allows Democrats to assume the committee Chair positions. It’s an absolutely unprecedented, wacky, counterproductive request. We won the Senate. We get the gavels.
George Stinney Jr. He was fourteen. Three months after being arrested, he was executed on this day in 1944. They used a bible as a booster seat when they sat him in the electric chair. Seventy years later, he was exonerated for the murder of 2 white girls.