Click here to view original web page at slaynews.com
Federal Reserve Chairman Jerome Powell has insisted that curbing inflation and restoring stability to the U.S. dollar is one of the Fed’s highest priorities.
Powell spoke before the Board of Governors of the Federal Reserve on Friday.
Speaking in his customary address to the Fed’s Board, Powell made a point of highlighting the Fed’s commitment to reverting to normal inflation levels, consistent with the Federal Reserve’s increasingly hawkish approach to fighting inflation with quantitative easing and interest rate hikes.
“The Federal Reserve’s strong commitment to our price stability mandate contributes to the widespread confidence in the dollar as a store of value,” Powell told the Board.
“To that end, my colleagues and I are acutely focused on returning inflation to our 2 percent objective.”
Until last autumn, the consensus of Federal Reserve economists agreed that rate hikes were broadly unnecessary.
However, as the rate of inflation has continued to grow to levels unseen in over four decades, the Fed has gradually become more hawkish on inflation.
They began implementing rate hikes earlier this year, initially at a slower rate, though recently at higher levels.On Wednesday, the Federal Reserve announced yet another interest rate hike of 0.75 percent, the highest single rate hike since 1994.As recently as last May, Chairman Powell said that a rate hike of 0.75 percent was “not something the committee is actively considering.” Slay the latest News for free! The economic tribulations caused by rising inflation, as well as other complications such as supply chain problems and poor stock markets, have created a political problem for Democrat President Joe Biden.Biden’s approval ratings have declined in tandem with the state of the U.S. economy.In an interview on Thursday, Biden defended his economic performance.He appeared to grow defensive over suggestions that his administration was responsible for the current economic problems.“If it’s my fault, why is […]
Yes, We Need Your Help
I hate being “that guy” who asks people to donate because I think our conservative news network is so crucial, but here I am…
When I left my cushy corporate job in 2017, I did so knowing that my family would have to make sacrifices. But I couldn’t continue to watch the nation slip into oblivion and was inspired by President Trump’s willingness to fight the good fight even at his own personal expense. What I didn’t realize then is that conservative media would be so heavily attacked, canceled, and defunded that the sacrifices would be extreme.
Many in this nation are struggling right now even though we weren’t struggling just a few years ago. I’m not alone. But I wake up every morning and operate the sites we’ve been able to build because there’s really no other choice. I refuse to be beholden to Big Tech like so many other conservative news outlets, which is why you won’t see Google ads here. With that said, it’s often challenging to pay the bills and it’s even harder to expand so we can get the America First message out to a wider audience.
The economic downturn has forced me to make a plea for help. Between cancel culture, lockdowns, and diminishing ad revenue, we need financial assistance in order to continue to spread the truth. We ask all who have the means, please donate through our Giving Fuel. Your generosity is what keeps these sites running and allows us to expand our reach so the truth can get to the masses. We’ve had great success in growing but we know we can do more with your assistance.
We currently operate:
- NOQ Report
- Conservative Playlist
- Uncanceled News
- Based Underground
- Five other conservative news sites
I would even be willing to entertain investments and partnerships at this stage. I’ve turned them down in the past because editorial purity is extremely important. I’ll turn them down again if anyone wants us to start supporting RINOs or avoid “taboo” topics like voter fraud, vaccines, or transgender supremacy. But I’d talk to fellow America First patriots who want to help any (or all) of our 10 news sites. Hit me up at jdrucker (at) substack (dot) com if you’re interested.
For those who have the means and just want to help keep the mission of spreading a conservative, Christian message to the nation, please consider a generous donation.