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Three cases of malaria spread locally have been identified in Texas and Florida. But in Texas, the Department of State Health Services confirmed Friday that a person working outdoors in Cameron County, Texas, contracted malaria locally. According to the DSHS, although Texas sees about 120 malaria cases a year from international travelers, the last locally acquired case in Texas was detected in 1994. About 1,400 miles away in Sarasota County, Florida, however, two more cases of locally transmitted malaria infections have been identified this year — one in May and one in June. "And I think we should be funding more public health responses."
Persons: , Vox, Photini Sinnis, Johns, Sinnis, it's, mosquitos Organizations: Service, Department of State Health Services, Johns Hopkins Malaria Research Institute, WHO Locations: Texas, Florida, Southern, Cameron County , Texas, Sarasota County , Florida, States, United States, mosquitos
Compounding the dangerous effects of the heat wave will be abnormally warm overnight temperatures that will provide little to no relief from the heat, the prediction center said. The heat wave is expected to get worse before it gets better, with no relief in sight before early next week. In the meantime, more than 90 record high temperatures could be broken this week from Texas to Missouri to Florida. The state has been experiencing the heat wave for more than two weeks. Eric Gay/APTemperature records already brokenThe intensifying heat wave has already brought record-breaking temperatures to Texas.
Persons: Wesley Hopkins, , Eric Gay, Del, Rodrigo Pineda, Jose Balino, Dorsey, Kaylee Greenlee Beal Organizations: CNN, National Weather Service, Austin EMS, The Texas Department of State Health Services, Dallas, ” New, Del Rio, Central Locations: Arizona, Florida, Dallas , New Orleans, Baton Rouge , Louisiana, New Mexico, Texas, Plains, Missouri, Shreveport, Austin , Texas, New Orleans, Louisiana, Mississippi, ” New Orleans, Albuquerque, San Antonio, San Angelo, Del Rio, Angelo, Eagle Pass , Texas, Southern Plains
Those problems helped spur the creation of US Special Operations Command several years later. According to Maj. Gen. Richard Scholtes, the first commander of Joint Special Operations Command, US military officers involved in the planning soon butted heads. A task force of Delta Force operators, Rangers, and helicopters from the elite 160th Special Operations Aviation Regiment also attacked Fort Rupert and Richmond Hill Prison. Bettmann/Getty Images"The Pentagon was waging a frontal and rear assault in opposition to the creation of a special operations command," William Cohen said in the mid-2000s, according to Kukielski's article. Stavros Atlamazoglou is a defense journalist specializing in special operations, a Hellenic Army veteran (national service with the 575th Marine Battalion and Army HQ), and a Johns Hopkins University graduate.
Persons: , Peter Carrette, Eagle, JSOC, Reagan, Richard Scholtes, butted, jean, Louis Atlan, Scholtes, Philip Kukielski, frogmen, Fort, Paul Scoon, Bettmann, Formally, William Cohen, Cohen, Nunn, Eric BOUVET, SOCOM, Chance, Stavros Atlamazoglou Organizations: Operations Command, Service, Fury, Pentagon, Delta Force, Soviet Union, Getty, US Atlantic Command, Atlantic Command, US Marine Corps, CIA, State Department, Team, Air Commando, US Defense, Rangers, 2nd Ranger, Porto Salines, Marines, 160th Special Operations Aviation Regiment, Radio Free, US, Dover Air Force Base, Special Warfare, Craft, 160th, American, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: Grenada, Caribbean, Tehran, Cuba, Soviet, Richmond, Porto, Fort Rupert, Rupert, Radio Free Grenada, Grenada's, Point Salinas, Scholtes, Beirut, Grenada —, Persian, Johns
A visibly angry Vladimir V. Putin on Monday denounced as “blackmail” a weekend rebellion by the Wagner mercenary group even as he defended his response to the mutiny and hinted at leniency for those who took part, saying that “the entire Russian society united” around his government. Speaking publicly for the first time in two days, Mr. Putin, in an address broadcast on Monday night, refused to utter the name of the Wagner boss behind the insurrection, Yevgeny V. Prighozhin. But his contempt was clear for those who had seemed, briefly, to threaten civil war and upend Russia’s war effort in Ukraine, where Ukrainian forces are mounting a counteroffensive. “They wanted Russians to fight each other,” said Mr. Putin, Russia’s president. Instead, at the core of his five-minute speech on Monday was his insistence that he leads a nation and a government that present a united front to all threats.
Persons: Vladimir V, Putin, , Wagner, Yevgeny V, , Mr Organizations: Kremlin Locations: Russian, Ukraine
She started building her brand — Silly Sparkles — in 2011 to entertain at kids birthday parties. I'm a "clown-mom" who entertains at kids birthday parties. I pivoted to focus on birthday parties during the COVID-19 pandemicEarlier in the COVID-19 pandemic, I had to rethink my marketing strategy. At times in 2020, small birthday parties were still happening where I live. Now I do my business administration on Monday and Wednesday mornings and perform at birthday parties for up to 12 hours every Saturday in Austin.
Persons: Regina Martinez, Martinez, , I'd, I'm Organizations: Facebook, Google, Service Locations: Austin , Texas, Austin
Vladimir V. Putin is known for his tight control over the news media in Russia. His onetime ally, the Wagner military group founder Yevgeny V. Prigozhin, is himself the owner of a conservative media outlet and a flamboyant showman on social media. But on Sunday, he took credit for brokering an agreement between Mr. Putin and Mr. Prigozhin, averting a scenario that the Russian leader had compared to the civil war that followed the Revolution of 1917. Now Mr. Lukashenko, an international pariah, is trying to use the P.R. victory to burnish his credentials as a credible statesman, mediator — and above all, loyal ally to Mr. Putin.
Persons: Vladimir V, Putin, Wagner, Yevgeny V, Prigozhin’s, Aleksandr G, Lukashenko, Prigozhin, , Mr Organizations: Mr Locations: Russia, Belarus, Belarusian
And they clearly had little interest in helping Mr. Putin avoid a major, embarrassing fracturing of his support. While it is not clear exactly when the United States first learned of the plot, intelligence officials conducted briefings on Wednesday with administration and defense officials. Still, American officials concluded that Mr. Prigozhin’s public statements were not controlled by Mr. Putin. But it was only in recent days that intelligence officials got the initial warnings that Mr. Prigozhin might take action. President Biden, speaking in October, talked of the dangers that Mr. Putin would pose if he felt cornered and said the United States was looking for “off ramps” for Mr. Putin.
Persons: Yevgeny Prigozhin, Wagner, Prigozhin, Vladimir V, Putin, Mr, Prigozhin’s, , , Sergei K, Valery Gerasimov, Wagner ., Tatiana Stanovaya, Shoigu, Stanovaya, Gerasimov, Biden, Donald J, Trump Organizations: Wagner Group, United, CNN, United States, Russian Defense Ministry Press Service, Associated Press, Intelligence, Russian, Ukrainian, Mr, Ministry of Defense, Defense Ministry, Carnegie Endowment, International Locations: Rostov, Don, Russia, United States, Ukraine, St . Petersburg, Moscow, Belarus, United, U.S, Russian, Bakhmut, Wagner . Russia
In the war-torn Chechnya region, Mr. Kadyrov built up a private fiefdom while professing loyalty to no official but Mr. Putin himself. A judo sparring partner from Mr. Putin’s youth became a construction billionaire and built Mr. Putin’s landmark bridge to Crimea. And then there was Mr. Prigozhin, who has said that he met Mr. Putin in 2000 as a St. Petersburg restaurateur. In Ukraine, as Mr. Prigozhin tells it, Wagner troops were only called in after Mr. Putin’s initial invasion plan failed. But Mr. Putin seemed to vacillate on his own support for Mr. Prigozhin.
Persons: Vladimir V, Putin, Yevgeny V, Prigozhin, Putin’s, , , , “ Putin, Tatiana Stanovaya, ” Mr, Ramzan Kadyrov, Aleksandr G, Lukashenko, Mr, Wagner, tycoons, Boris N, Yeltsin, Kadyrov, Prigozhin’s, K.G.B, Donald J, Trump, Weeks, , Putin “, Andrei Soldatov, Prigozhin “, ” Mark Galeotti, ” Neil MacFarquhar, Valerie Hopkins Organizations: Carnegie Russia Eurasia Center, ., Reuters, Federal Security Service, Kremlin, Television, Defense, Defense Ministry, Center for Locations: Russia, Moscow, Russian, Rostov, Chechnya, Belarus, Russia’s, Don, Ukraine, Putin’s, Crimea, St, Petersburg, United States, Syria, Africa, Ukrainian, Bakhmut
In the war-torn Chechnya region, Mr. Kadyrov built up a private fiefdom while professing loyalty to no official but Mr. Putin himself. A judo sparring partner from Mr. Putin’s youth became a construction billionaire and built Mr. Putin’s landmark bridge to Crimea. And then there was Mr. Prigozhin, who has said that he met Mr. Putin in 2000 as a St. Petersburg restaurateur. In Ukraine, as Mr. Prigozhin tells it, Wagner troops were only called in after Mr. Putin’s initial invasion plan failed. But Mr. Putin seemed to vacillate on his own support for Mr. Prigozhin.
Persons: Vladimir V, Putin, Yevgeny V, Prigozhin, Putin’s, , , , “ Putin, Tatiana Stanovaya, ” Mr, Ramzan Kadyrov, Aleksandr G, Lukashenko, Mr, Wagner, tycoons, Boris N, Yeltsin, Kadyrov, Prigozhin’s, K.G.B, Donald J, Trump, Weeks, , Putin “, Andrei Soldatov, Prigozhin “, ” Mark Galeotti, ” Neil MacFarquhar, Valerie Hopkins Organizations: Carnegie Russia Eurasia Center, ., Reuters, Federal Security Service, Kremlin, Television, Defense, Defense Ministry, Center for Locations: Russia, Moscow, Russian, Rostov, Chechnya, Belarus, Russia’s, Don, Ukraine, Putin’s, Crimea, St, Petersburg, United States, Syria, Africa, Ukrainian, Bakhmut
Image Mr. Prigozhin and President Vladimir Putin at one of Mr. Prigozhin’s factories in St. Petersburg in 2010. Mr. Prigozhin accused the Russian military of attacking his forces, vowed to retaliate, on Friday. In an earlier videotaped speech, Mr. Prigozhin did not explicitly impugn Mr. Putin, instead casting him as a leader being misled by his officials. But, during the battle for Bakhmut, Mr. Prigozhin also emerged as a populist political figure, excoriating Russia’s military leadership for corruption. Others theorized that the Kremlin had orchestrated Mr. Prigozhin’s tirades against Mr. Shoigu, the defense minister, to deflect blame from Mr. Putin himself.
Persons: Yevgeny V, Vladimir V, Putin, Prigozhin, Wagner, Mr, ” Gen, Vladimir Alekseyev, ” Mr, Prigozhin’s Wagner, Russia’s, , , , GOH, Volodymyr Zelensky, Mykhailo Podolyak, Adam Hodge, Vladimir Putin, , Sergei K, Shoigu, Dmitri S, diatribes, excoriating, Prigozhin’s, Igor Girkin, Girkin, ” Julian E, Barnes, Cassandra Vinograd Organizations: Russian, ., Reuters, Russian Defense Ministry, Russia’s, Defense Ministry, Telegram, Twitter, National Security, Associated Press, Bakhmut, Kremlin Locations: Ukraine, Moscow, Rostov, Don, Russia, White, St . Petersburg, St, Petersburg, Syria, Africa, Ukrainian, Bakhmut, Prigozhin, Russian, Ukraine’s,
How to repel mosquitoes, according to science
  + stars: | 2023-06-24 | by ( Kate Golembiewski | ) edition.cnn.com   time to read: +8 min
Here’s the lowdown on how mosquitoes hunt us, what attracts them, and what scientists recommend for keeping them at bay. The science of mosquito bitesMost of the time, mosquitoes drink plant nectars and juices, and even help pollinate flowers. “How attractive you think you are to mosquitoes might not necessarily correlate with how attractive you actually are to the mosquitoes,” McMeniman said. The itchiness and discomfort from mosquito bites come later when the perpetrator is no longer at risk of getting swatted. No silver bullet exists to protect yourself from mosquito bites, but get a good bug spray and reapply it as needed.
Persons: “ We’re, , Conor McMeniman, ” McMeniman, Olivier Morin, , We’re, there’s, Rick Bowmer, Kristen Healy, Healy, ” Healy, they’ve, McMeniman, tantalizing, Kate Golembiewski Organizations: CNN, Johns Hopkins Bloomberg School of Public Health, Johns Hopkins Malaria Research Institute, Getty, Louisiana State University, American Mosquito Control Association, Environmental Protection Agency Locations: Baltimore, It’s, AFP, coexisting, Chicago
For US special operators, who may have to operate far from friendly forces in those wars, one new effort is the use of a low-tech kind of aircraft to overcome high-tech threats. A special-operations gliderUS Army special operations soldiers load a GD-2000 glider into a C-27J airplane at Yuma Proving Grounds in February. Thoman JohnsonIn February, a US Army Special Forces team tested a prototype aircraft that could ease the logistical challenges faced by special-operations units in contested areas. That long glide distance is equal to what special operators can cover during a High Altitude, High Opening free-fall jump. David Bathgate/Corbis via Getty ImagesDuring the conflicts in Afghanistan, Iraq, and Syria, the US military's resupply operations have been largely uncontested.
Persons: , Thoman Johnson, Yates Electrospace, David Bathgate, Stavros Atlamazoglou Organizations: Special Forces, Service, US Army, US Army Special Forces, Troops, Green Beret, Getty, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: China, Ukraine, Russian, Yuma, Arizona, Afghanistan, Corbis, Iraq, Syria, Russia, Johns
Turkey's Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. The Turkish lira sank to new record lows after Turkey's central bank raised the country's benchmark interest rate by 650 basis points in a dramatic monetary policy reversal. The central bank lifted its key interest rate by almost double, from 8.5% to 15% Thursday, marking the country's first hike since March 2021. The lira — which has been extending its plunge since President Recep Tayyip Erdogan's reelection — was last trading at 24.97 against the greenback. Newly appointed Governor Hafize Gaye Erkan hinted at more hikes until the inflation situation in the country improves.
Persons: Turkey's, Kemal Ataturk, Recep Tayyip Erdogan's, , Steve Hanke, Hafize Gaye Erkan, Erkan Organizations: Turkish, Johns Hopkins University
Abortion is ancient history and that matters today
  + stars: | 2023-06-23 | by ( Katie Hunt | ) edition.cnn.com   time to read: +9 min
This long view of abortion matters, according to Mary Fissell, a professor of the history of medicine at Johns Hopkins University. That’s because assumptions about how abortion was viewed in the past color present-day arguments about abortion rights. Abortion opponents portray the rights granted by Roe v. Wade and legal access to abortion as an historical aberration, according to Fissell, which is not accurate, historians say. Earliest references to abortionThe first written references to abortion are contained in an ancient Egyptian papyrus written about 3,500 years ago. For most of history, abortion has not been an issue about the fetus, like it is today, but rather about women’s behavior.
Persons: Mary Fissell, Roe, Wade, , Fissell, , Dobbs, it’s, Lysistrata, Aristophanes, , Lisa Briggs, Briggs, Pliny the Elder, ” Briggs, It’s, Maeve Callan, Callan, , Saint Brigid, Patrick, Brigid, Peter Morrison, God, ” Callan, “ quickening, Pope Sixtus V, Pope Gregory XIV Organizations: CNN, Johns Hopkins University, US, Jackson, Health Organization, Cranfield University, British Museum, , Simpson College, AP, quicken Locations: United States, Dobbs v, Rome, Cyrene, Libya, Iowa, Medieval Ireland, Ireland, Leixlip, Kildare
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSteve Hanke says Turkey's central bank still has a lot of work to do, 'to put it mildly'Steve Hanke, professor of applied economics at Johns Hopkins University, says the Turkish central bank's decision to hike interest rates by 650 basis points to 15% is "behind the curve."
Persons: Steve Hanke Organizations: Johns Hopkins University Locations: Turkish
The Titan’s fate was not known until Thursday morning in part because it took days to transport remote-operated vehicles that could reach the depth of the Titanic to the site more than two miles below the ocean surface. Experts said the remote vehicles will probably be used to continue surveying the site and to retrieve some items. But parts of the stricken submersible will probably be left on the ocean floor indefinitely, they said. They would not be able to collect everything on the ocean floor, she said, but they could bring back some materials that would be useful in investigations. “They will have to search for Titan debris amid the Titanic debris on the bottom,” he added.
Persons: Admiral Mauger, , Jennifer K, Waters, James G Organizations: State University of New York Maritime College, Bellingham, Johns Hopkins University,
WASHINGTON, June 22 (Reuters) - U.S. Federal Reserve Chair Jerome Powell on Thursday defended the likely need for further interest rate increases despite the possible impact on jobs. "It is working families who suffer most directly and quickly from inflation," Powell responded, adding that Fed officials at this point feel "it will be appropriate to raise rates again this year, and perhaps twice, assuming the economy performs as expected." But Powell also elaborated on the Fed's approach in coming months as policymakers debate how much further rates need to rise. "We moved very, very quickly when we had to move quickly," with rates moving higher by 75 basis point per meeting at one point, Powell said. But now "we're at least close to where we think our destination is...and it only makes common sense to move...at a careful pace," Powell said, with rates held steady at the June meeting.
Persons: Jerome Powell, Powell, Sherrod Brown, ” Brown, Howard Schneider, Ann Saphir, Andrea Ricci Organizations: . Federal, U.S . Congress, Ohio Democratic, Banking Committee, Thomson Locations: Ohio
But the flooding altered nearby shorelines and waterways, which may end up aiding Ukrainian forces. "While Russia may now see the terrain south of Kherson as safe, Ukrainian special operators should see opportunity. Alex Babenko/Getty ImagesNew and larger waterways will make it easier for Ukrainian special operators to move men and equipment around by boat. Ukraine's commandos and amphibious operationsThe collapsed Antonovskiy Bridge over Dnieper River in Kherson City, seen after Russian troops withdrew in November. They could also be used to distract Russian forces by launching diversionary raids elsewhere on the battlefield.
Persons: , Maxym, Timothy Heck, Zachary Griffiths, Alex Babenko, Heck, Griffiths, GENYA SAVILOV, Narciso Contreras, Boyd Belcher, Stavros Atlamazoglou Organizations: Service, Getty, Ukraine, Modern, Institute, Ukraine's 73rd Naval Center of Special, Navy, Anadolu Agency, Getty Images, NATO, White, US Defense Department, Tech, Bradley, Leopard, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: Ukraine, Russia, Soviet, Russian, Kherson, Ukrainian, Kherson oblast, West, Crimea, AFP, Donbas, Kherson City, Germany's, Johns
A Moscow court denied an appeal on Thursday by Evan Gershkovich, a Wall Street Journal reporter who asked to end his pretrial detention in Russia, where he was jailed and charged with espionage 12 weeks ago. Mr. Gershkovich, an American journalist who has been based in Russia for nearly six years, was arrested in late March and charged with spying, which he denies. The American ambassador to Russia, Lynne Tracey, was present, as were Mr. Gershkovich’s parents, Ella Millman and Mikhail Gershkovich. The United States government and The Journal have vehemently rejected the charges. The White House has said that Mr. Gershkovich is “wrongfully detained,” tantamount to being a political prisoner.
Persons: Evan Gershkovich, Gershkovich, , Lynne Tracey, Gershkovich’s, Ella Millman, Mikhail Gershkovich Organizations: Street, United Locations: Moscow, Russia, American, Moscow’s, United States
Schools give patriotic lessons and teach students how to assemble rifles, while textbooks have been rewritten to favor Russia’s view of history. These by-now familiar scenes would hardly bear mention in wartime Russia, except that these were drawn recently from Belarus, an autocratic country of 9.4 million neighboring Russia, Ukraine and the NATO members Poland, Lithuania and Latvia. Long uneasily in the orbit of President Vladimir V. Putin of Russia, Belarus is increasingly doing his bidding, socially, militarily and economically. It is also an important step, democracy advocates and military experts say, toward Russia’s absorption of Belarus, a longtime goal of Mr. Putin. “Belarus’ sovereignty is evaporating very fast,” said Pavel Slunkin, a former Belarusian diplomat who is now a fellow at the European Council on Foreign Relations.
Persons: Long, Vladimir V, Putin, Moscow —, Mr, , Pavel Slunkin Organizations: NATO, European Council, Foreign Relations Locations: Ukraine, Russia, Belarus, Poland, Lithuania, Latvia, Moscow, “ Belarus, Belarusian
"My baseline is that we should stay at this level for the rest of the year," and not cut rates until the latter half of 2024, Bostic said in an interview on Yahoo Finance. "Letting restrictive policy work for a while is prudent because the policy has been truly restrictive for less than a year, and it takes time for monetary policy changes to meaningfully influence economic activity. Bostic is the first official to say explicitly that may be too soon. Therefore, the real economic effects of tighter monetary policy are only just beginning to take hold," Bostic said. The risk of waiting is that inflation may resurge, but "that is not my baseline."
Persons: Raphael Bostic, Bostic, Howard Schneider, Andrea Ricci Organizations: Atlanta Federal Reserve, Yahoo Finance, Fed, Thomson Locations: U.S, Atlanta
As Powell spoke, comments from other Fed officials showed the contours of the debate emerging at the central bank over whether further rate increases will, in fact, be needed. "If we simply press on with additional rate hikes, we could needlessly drain too much momentum from the economy," Bostic said. On monetary policy Powell kept the focus on the central bank's fight to lower inflation and said the process "has a long way to go." Despite the consensus on lowering inflation, the Fed is at a point where opinions about the need for and timing of additional interest rate increases may start to diverge. Reporting by Howard Schneider; Additional reporting by Jason Lange; Editing by Dan Burns and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
Persons: Jerome Powell, Jonathan Ernst WASHINGTON, Powell, ” Powell, Austan Goolsbee, Raphael Bostic, Bostic, Democrat Joe Biden, Donald Trump, Biden, Howard Schneider, Jason Lange, Dan Burns, Andrea Ricci Organizations: U.S . Federal, Financial, REUTERS, Capitol, Financial Services, Fed, Chicago Fed, Atlanta Fed, Bank, Democrat, Republican, Thomson Locations: Washington , U.S, Silicon
[1/2] The U.S. Capitol dome is seen from the Russell Senate Office Building on Capitol Hill in Washington, U.S., April 19, 2023. Despite the consensus on lowering inflation, the Fed is also reaching a point where opinions about the need for and timing of additional interest rate increases may start to diverge. In large part that job has fallen to the Fed, but it is a central bank of Biden's making. If the current crop of nominees is approved five of seven board members would be Biden appointees. The Fed under Powell has raised interest rates faster than at any time since former Fed Chair Paul Volcker's inflation fights of the 1970s and 1980s.
Persons: Sarah Silbiger WASHINGTON, Jerome Powell, haven't, Democrat Joe Biden, Donald Trump, Philip Jefferson, Lisa Cook, Adriana Kugler, Powell, Biden, Preston Mui, Mui, Paul, Howard Schneider, Jason Lange, Dan Burns, Andrea Ricci Organizations: U.S, Russell Senate, REUTERS, . Federal, Democrat, Republican, Federal, of Governors, World Bank, Fed, Financial, America, Reuters, Biden, Trump, Black Americans, Thomson Locations: Russell, Washington , U.S, U.S, Biden's
WASHINGTON, June 21 (Reuters) - The Federal Reserve's fight to lower inflation back to its 2% target "has a long way to go," Federal Reserve Chair Jerome Powell said on Wednesday in testimony prepared for delivery to the House Financial Services Committee. "Inflation has moderated somewhat since the middle of last year," with the Fed's preferred measure of inflation falling substantially from a peak around 7% last year to 4.4% as of April. Investors broadly expect increases to resume at the Fed's July meeting, though financial market indicators reflect doubts that the Fed will deliver more increases beyond that meeting. "We have been seeing the effects of our policy tightening on demand in the most interest-rate–sensitive sectors of the economy" such as housing, Powell said. Stress in the banking sector is also creating "headwinds" for households and businesses, the effect of which remains uncertain, Powell said.
Persons: Jerome Powell, Powell, Howard Schneider, Andrea Ricci Organizations: Financial Services Committee, Fed, Federal, Thomson
Inflation has "started to abate" but the Fed will remain focused on returning it to the 2% target, Fed governor and vice chair nominee Philip Jefferson said in testimony prepared for his confirmation hearing on Wednesday before the Senate Banking Committee. "The economy faces multiple challenges, including inflation, banking-sector stress, and geopolitical instability. "Inflation has started to abate, and I remain focused on returning it to our 2% target." As a group, Fed policymakers last week signaled two more interest-rate hikes are likely by the end of the year. The Senate Banking committee on Tuesday also released prepared remarks from Fed Board nominee Adriana Kugler, who said returning inflation to the central bank's 2% target is key to setting a strong foundation for the U.S. economy.
Persons: Philip Jefferson, Jefferson, Lisa Cook, ” Cook, Cook, Adriana Kugler, " Kugler, Kugler, Bob Menendez, Menendez, Howard Schneider, Michael S, Dan Burns, Ann Saphir, Matthew Lewis Organizations: Reserve, Committee, Federal, World Bank, Fed, of Governors, Senate, Derby, Thomson Locations: Washington, U.S, New York, Berkeley , California
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