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After spending the past two years trying to get inflation under control by raising interest rates, the Fed is inching toward cutting rates soon. Setting interest rates should be about weighing costs and benefits for everyone, not engineering outcomes for a favored constituency. When people (usually those with a vested political interest) try to accuse the Fed of being biased, it erodes confidence. The real reason for the accusationsThe entire conspiracy theory about a political Fed is weak on its face and baseless on its merits. What makes anyone so sure they'll fare better in 2024 with the rate of inflation slowing, interest rates falling, and stocks rising?
Persons: there's, it's, Joe Biden's, Jerome Powell, Donald Trump, Biden, It's, Trump, Ro Khanna, Powell, Taylor, Bill Dudley, Dudley, Dudley's, Chris Waller Organizations: Federal Reserve, Fed, Democratic, Trump, Biden, New York Fed Locations: Canada, Australia, Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQ4 Big Ideas: Katrina Dudley's makes the bull case for McGrath RentCorpKatrina Dudley, Investment Strategist at Franklin Mutual Advisers, discusses her best stock idea going into the fourth quarter.
Persons: Dudley's, McGrath, Katrina Dudley Organizations: Franklin Mutual Advisers
U.S. Navy veteran Taylor Dudley, 35, was backpacking in Europe when he crossed the Polish-Russian border in April, Jonathan Franks, a lawyer who represents families of Americans detained overseas, said in an email to reporters. Dudley's circumstances while in Russia were unclear and his case had not been previously publicized. "The negotiations and work to secure Taylor’s safe return were done discreetly and with engagement on the ground in both Moscow and Kaliningrad and with full support from Taylor’s family back in the United States," the Richardson Center said. A U.S. embassy representative in Warsaw was also present at Dudley's release, according to Franks, and the Richardson Center thanked U.S. officials, as well as businessman Steve Menzies, for helping secure Dudley's return. Kaliningrad is a Russian province sandwiched between Poland and Lithuania and is the headquarters of the Russian navy's Baltic Fleet.
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