Polls: Society & Politics

The Federal Reserve slashed rates on Wednesday for the first time since early 2020, the clearest signal yet that central bankers believe they are winning their years long battle against rapid inflation.

Fed officials slashed borrowing costs by half a percentage point, an unusually large reduction. The decision lowers rates to about 4.9 percent, down from a more than two-decade high.

The Fed’s move comes in response to months of fading inflation, and it is meant to prevent the economy from slowing so much that the job market begins to crack. Officials have been keeping a cautious eye on a recent rise in the unemployment rate, and by starting off with a big cut, the Fed is effectively taking out insurance against a bigger employment slowdown.

Reinforcing that wary message, the move came alongside economic projections that suggested a more aggressive pace of rate cuts than central bankers had previously predicted: Officials now expect to make another half point of reductions before the end of the year.

“The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance,” Fed officials said in their statement.

High interest rates slow the economy by making it more expensive to borrow to buy a house or expand business, which weighs on both demand and inflation — but also on hiring. The Fed has been trying to strike a careful balance. Officials have aimed to cool growth enough to ensure that price increases return to normal without cooling it so much that the unemployment rate soars and the economy tips into a recession.

Wednesday’s rate cut marks a preliminary victory. So far, Fed officials have managed to slow inflation notably without causing major economic problems. The unemployment rate has crept up, but it hasn’t jumped painfully. Hiring persists, though it has slowed. Consumer spending remains strong. Overall growth is still robust.

"They’re going to lay the groundwork and detail plans for exactly what our movement will do,” Trump said of the Heritage Foundation and their efforts to – as they describe on the Project 2025 website – “pave the way” for Trump’s next administration.

Video of POTUS Trump on his association with MAGA proceeds with Project 2025. The speech is from April 21st 2022. Heritage began work on the Project that month on 2022 agenda in 2022.

See this link for whole speech:
https://youtu.be/IsgGJQDBIiM?si=3dxCrrns877dvo35

Hillary Clinton on Monday called for Americans to be “criminally charged” if they engage in speech that "sounds like Russian propaganda". She said there are Americans who are engaged in this kind of propaganda, and if they were civilly or even in some cases, criminally charged, it would be something that would be a better deterrence”.

I predict that Democrats here, including my "contrarians" (you know who you are) will spoof being agreeing Republicans because Democrats will always lie to win.

It's the age old question that's been asked tons of times all over the place. Pretty sure I've asked it once or twice already, but here it is again.

Gen Z, millennial women celebrate themselves with 'success showers' - life's not just marriage and motherhood - nypost.com/.../

Not a knock on Joe Biden, It just seems like the other 3 are polarizing for one reason or another, and Joe is just a good old man

Trump never lies - 100% true

Do you envy rich people and why? Or why not?

Realistcally, how big should the security permiter be for not allowing unauthorized people to be near someone the Seceret Service is protecting?