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Search resuls for: "Jack Lew’s"


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☆ Former Treasury Secretary Lew, Biden's Pick for Ambassador to Israel, to Face Senators at Hearing
  + stars: | 2023-10-18 | by ( Associated Press | Oct. | At A.M. | ) www.usnews.com   time to read: +4 min
The request to Congress would cover a year, according to another person familiar with the administration’s expected request. Lew, a Treasury Secretary under former President Barack Obama, was nominated by Biden last month after former Ambassador Tom Nides left the post in July. Political Cartoons View All 1211 ImagesThe White House could make a formal request for the foreign war aid as soon as this week. Some Republicans have criticized Lew for his role in the Obama White House as it negotiated the Iran nuclear agreement in 2015, among other foreign policy moves under Obama, and that opposition could slow his nomination. “Our ability to support Israel at this pivotal moment is significantly hamstrung by the fact that we don’t have a U.S. ambassador on the ground," Murphy said.
Persons: Jacob Lew, Joe Biden, Lew, Barack Obama, Biden, Tom Nides, —, Obama —, Ben Cardin, Jack, ”, Cardin, Kevin McCarthy, Mitch McConnell, McConnell, Obama, Donald Trump, Republican Sen, Tom Cotton of, Jack Lew, ” Cotton, Jack Lew’s, ” Lew, Democratic Sen, Chris Murphy of, Murphy, Seung Min Kim Organizations: WASHINGTON, —, Israel, Hamas, Foreign, White, Management, Republicans, Republican, Hamas ’, “ Fox, Democratic, Foreign Relations, Associated Press Locations: Israel, Ukraine, Taiwan, China, D, Congress, U.S, Iran, Tehran, Tom Cotton of Arkansas, Chris Murphy of Connecticut, Gaza
☆ Why the Fed may finally loosen its grip
  + stars: | 2022-12-01 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
The Fed should be pleased that its aggressive rate hikes in the past few months are having their desired effect, and they can ease up a bit. After four giant three-quarter-point hikes in a row, all signs point to Fed Chair Jay Powell announcing a half-point bump later this month. BIG PICTUREIt’s taken most of the year, but the economy appears to have made it over the mountain of inflation and aggressive rate hikes, according to Peter Boockvar, chief investment officer at Bleakley Financial Group. But while 200,000 is nothing to sniff at, it’s still not soft enough for the Fed to pause its rate hikes. However, markets may cheer the fact that it’s low enough for the Fed to hike at a less aggressive pace than we’ve seen in recent months.
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