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WARSAW, Sept 5 (Reuters) - Poland's central bank cut its main interest rate by 75 basis points to 6.00% on Wednesday, in a shock decision ahead of October elections that sent the zloty currency tumbling against the euro. The National Bank of Poland (NBP) said it took the decision because it expects inflation to return to target faster than originally expected. It said that the adjustment to interest rates would be "conducive to meeting the NBP inflation target in the medium term". NBP Governor Adam Glapinski had previously signalled that a rate cut could come in September if inflation fell to single digits. "We have already said that it is too early for a rate cut, and certainly such an aggressive rate cut, when the prospects (of a slowdown) in inflation are still distant," said Piotr Bielski, director of the economic analysis department of Santander Bank Polska.
Persons: Adam Glapinski, Piotr Bielski, J.P, Morgan, Wojciech Paczos, Jaroslaw Kaczynski, Anna Koper, Pawel Florkiewicz, Alan Charlish, Anna Wlodarczak, Karol Badohal, Marc Jones, Justyna Pawlak, Nick Macfie, Sharon Singleton, Marguerita Choy Organizations: Reuters, National Bank of Poland, Santander Bank Polska, Cardiff University, Justice, Thomson Locations: WARSAW, NBP, Poland, Pawel
Ron DeSantis, seeks the Republican presidential nomination, Casey DeSantis is no stranger to the trail. A source familiar with the matter said Casey DeSantis didn’t only narrate the video announcing the initiative, she also wrote the script. “If that horn is in response, to him, I’ll tell you he ain’t backing down,” Casey DeSantis said. The DeSantis campaign includes Casey DeSantis on its campaign event promotions. But because I believe in him with every ounce of my being,” Casey DeSantis said.
Persons: JOHNSTON, Casey DeSantis, Madison DeSantis, , DeSantis, Ron DeSantis, Donald Trump, Melania Trump, Casey DeSantis didn’t, Shellie Flockhart, Casey, ” Flockhart, Mamie, , ” Casey DeSantis, Republican Sen, Joni Ernst’s, She’s, – “, ’ –, hadn’t Organizations: Iowa CNN, Florida Gov, Trump, CNN, Liberty, Gov, of Charleston, Republican, Florida TV, Politico, Locations: Iowa, Florida, United States, America, Dallas County , Iowa, DeSantis, Philadelphia, New Hampshire, Iowa , New Hampshire, South Carolina, Bluffton , South Carolina, Des Moines, Orlando, Washington
“The excesses of the Supreme Court are going to backfire,” said Rep. Ritchie Torres, a New York Democrat. “The Supreme Court is becoming not just conservative, but almost – it’s like a throwback. For months the White House publicly said there was no alternative plan if the Supreme Court struck down the student debt relief program. The White House also stayed in touch with and fielded suggestions for next steps from debt relief advocate groups and congressional allies throughout the process. A team from the White House counsel’s office came to brief him on the ruling.
Persons: Joe Biden wasn’t, , Biden, Donald Trump –, Ritchie Torres, , Roe, Wade, it’s, ” Biden, hasn’t, we’re, Jeff Zients, , Natalie Quillian, “ I’m, cancelation, Wisdom Cole, galvanizing, Congress –, Adam Green Organizations: CNN, Democratic, Biden, New, New York Democrat, Republican Party, Seagram, MSNBC, White House, White, Council, National Economic Council, Department of Education, Department of Justice, Justice Department and Education Department, Higher, Youth & College, NAACP, Congress, Progressive, Institute Locations: New York, New York City
DOYLESTOWN, Pennsylvania, June 24 (Reuters) - On May 12, the library coordinator for Pennsylvania's Central Bucks School District sent an email to colleagues that some conservative parents and Christian advocacy groups had long prayed to see. Liberal groups say the effort amounts to censorship and even bigotry, with disproportionate harm to LGBT students and those in other minority groups. Dana Hunter, a Republican and the chair of the school board, said she sought advice from Jeremy Samek, senior counsel at the Independence Law Center and the Pennsylvania Family Institute. "There are things that everybody would agree, including the ACLU, that you shouldn't be giving to kids," said Samek, who does not live in the school district. Dell'Angelo, one of the board's Democrats, said it was wrong to involve groups that oppose LGBT rights in public school policy, and unethical to do so in secret.
Persons: Maia Kobabe, Juno Dawson, curriculums, Tabitha Dell'Angelo, Dana Hunter, Jeremy Samek, Hunter, Dell'Angelo, Samek, Hannah Beier, Leo Burchell, Shannon Harris, Harris, Jonathan Allen, Paul Thomasch, Claudia Parsons Organizations: Pennsylvania's Central Bucks School District, Republican, Liberal, Family Research Council, Independence Law Center, Pennsylvania Family Institute, Reuters, Republicans, American Association of School Librarians, Liberty, Museum, American, REUTERS, American Civil Liberties Union of Pennsylvania, U.S . Department of Education's, Civil Rights, U.S, ACLU, Pennsylvania Family, Family Research, Thomson Locations: DOYLESTOWN , Pennsylvania, Philadelphia, Bucks, Pennsylvania, Philadelphia , Pennsylvania, U.S, Central Bucks
Minutes after the Supreme Court voted to overturn Roe v. Wade last summer, a group of West Wing aides raced to the Oval Office to brief President Biden on the decision. As they drafted a speech, Mr. Biden was the first person in the room to say what has been his administration’s rallying cry ever since. “He said at that time, ‘The only thing that will actually restore the rights that were just taken away are to pass federal legislation,’” Jen Klein, the director of the White House Gender Policy Council, recalled in an interview. But if the prospect of codifying Roe’s protections in Congress seemed like a long shot a year ago, it is all but impossible to imagine now, with an ascendant far-right bloc in the House and a slim Democratic majority in the Senate. Instead, with the battle over abortion rights turning squarely to individual states, officials in the Biden administration are working with a limited set of tools, including executive orders and the galvanizing power of the presidency, to argue that Republicans running in next year’s elections would impose even further restrictions on abortion.
Persons: Roe, Wade, Biden, , ’ ” Jen Klein Organizations: West Wing, Gender Policy, Democratic
The Polish government has proposed an increase to national minimum of around 20% in 2024, a move economists believe will keep inflation higher for longer. Jan Woitas/picture alliance via Getty ImagesPoland's government has proposed a record rise in the national minimum wage of more than 23%, a move economists are worried will exacerbate double-digit inflation. In an interview with state-controlled news agency PAP last month, Polish Family and Social Policy Minister Marlena Malag said the minimum wage increase was designed to help people cope with the increased cost of living. Consumer price inflation in Poland eased in May, but still increased 13% year-on-year. He highlighted that given a "notable increase" in the number of workers that receive minimum wage in Poland in recent years, the impact of the latest increase is likely to be "meaningful."
Persons: Jan Woitas, , Donald Tusk, Marlena Malag, Adam Glapinski, Rafal Benecki, Benecki, Nicholas Farr Organizations: Justice, Getty Images, Coalition, European, Social, National Bank of Poland, Monetary, ING Poland, Capital Economics Locations: WARSAW, Poland, Warsaw, Central, Eastern Europe, Polish, Europe
Ron DeSantis rarely mentions the specifics of his religion, faith, or practice of it. Ron DeSantis delivers remarks during the Project Opioid conference at First Presbyterian Church in Orlando on Aug. 20, 2019. Ron DeSantis and his wife Casey stand during the Pledge of Allegiance at a campaign event, Wednesday, May 31, 2023, in Cedar Rapids, Iowa. Ron DeSantis and his wife, Casey, bow their heads during a prayer at a campaign event, Wednesday, May 31, 2023, in Cedar Rapids, Iowa. Ron DeSantis speaks during a campaign event, Tuesday, May 30, 2023, in Clive, Iowa.
Persons: Ron DeSantis, wouldn't, , Joe Burbank, Brian Burch, Burch, DeSantis, Donald Trump, Joe Biden, Biden, He's, Nate Hochman, Hochman, Maria Sullivan, Casey, Charlie Neibergall, Sullivan, Piers Morgan, there's, that's, Phelan M, Paul Harvey, Cary McMullen, John F, Kennedy, El Paso Bishop Mark Seitz, Miami Archbishop Thomas Wenski, Wenski, heartburn, US Sen, Joni Ernst, David Polyansky, Ted Cruz, Bob Vander Plaats, Vander Plaats, John Stemberger, Stemberger, we've, Trump, Mike Pence, Tim Scott, Pat Robertson, Michael Binder, Tom O'Shields Organizations: Catholic, Service, Florida Gov, First Presbyterian Church, Orlando Sentinel, DeSantis, GOP, New York, Our Lady Star, Republican, Gov, AP, Lourdes Catholic School, The, Catholic Church, El Paso Bishop, Miami Archbishop, Florida Conference of Catholic, US, Policy Council, Trump, University of North, Lilly Endowment Inc Locations: Florida, GREENVILLE, S.C, Iowa, South Carolina, Orlando, Tallahassee, DeSantis, Catholic Church, Northeast Florida, Cedar Rapids , Iowa, Dunedin , Florida, Ohio, Galilee, Israel, Tampa , Fla, Lakeland , Florida, California, Texas, Des Moines , Iowa, Clive , Iowa, University of North Florida, Greenville, Easley , South Carolina
The comments, one of his most direct public challenges to the former president so far, demonstrated how Mr. DeSantis could use his record, which anti-abortion activists praise, to distinguish himself. As Mr. DeSantis is hitting the trail and visiting early nominating states, he is talking little about his abortion legislation. When he does, he does not explicitly tell audiences that the law prohibits the procedure after six weeks. “We enacted the Heartbeat Protection Act to promote life,” Mr. DeSantis said without elaborating as he addressed a crowd of voters in Iowa earlier this month. Speaking at Liberty University, another friendly setting, the day after he signed the ban, Mr. DeSantis almost entirely avoided the subject.
Geoff Gottlieb, the IMF's Senior Regional Representative for Central, Eastern and South-Eastern Europe, warned of the potential for fiscal policy to fuel inflation and so force monetary policy to remain tighter for longer. "We think Polish fiscal policy can do more to help reduce inflation," he said in an interview. "A new fiscal impetus would likely add to inflationary pressures and could also necessitate additional monetary policy tightening." "Our recommendation is for the (Monetary Policy Council) to resume monetary policy tightening if key indicators - core inflation momentum, wage growth, and the economy - fail to slow as projected," he said, urging the MPC to make clear that talk of cuts was premature. The European Commission projects Poland's average inflation rate at 6% next year, the highest in the European Union, retreating from nearly twice that level expected this year.
WASHINGTON — Neera Tanden, a longtime Democratic adviser who is currently President Biden’s staff secretary, will serve as the director of the Domestic Policy Council, the president announced on Friday. Ms. Tanden, who has been a fixture in Washington for more than two decades as an adviser to President Barack Obama and as the president of the Center for American Progress, will replace Susan Rice as Mr. Biden’s top domestic policy adviser. “I am pleased to announce that Neera Tanden will continue to drive the formulation and implementation of my domestic policy, from economic mobility and racial equity to health care, immigration and education,” Mr. Biden said in a statement released by the White House. He thanked Ms. Rice for her service, saying the country owed her “a debt of gratitude.”For the past year, Ms. Tanden has worked behind the scenes at the White House, managing the daily flow of information that reaches Mr. Biden’s desk. It is an influential but unassuming position that has kept her close to many internal debates over the president’s agenda.
WASHINGTON, May 5 (Reuters) - U.S. President Joe Biden picked a senior aide, Neera Tanden, to replace Susan Rice as his domestic policy adviser, the White House said in a statement. As Biden's staff secretary, Tanden already played a major role in the West Wing, controlling the schedules, briefing books and other paperwork that reach the president's desk. Stefanie Feldman, an aide to Rice who has long been a top policy mind in Biden's orbit, will replace Tanden as staff secretary. "Neera oversaw decision-making processes across my domestic, economic and national security teams," Biden said in a statement touting 25 years of public policy experience. Tanden's predecessor at the domestic policy council, Susan Rice, departed after a two-year term that included wrangling over tense issues from immigration to healthcare, guns and police reform.
Susan Rice to step down as Biden's domestic policy chief
  + stars: | 2023-04-24 | by ( Carol E. Lee | ) www.cnbc.com   time to read: +6 min
Susan Rice speaks on December 11, 2020, after being nominated to be Director of the White House Domestic Policy Council by US President-elect Joe Biden (R), in Wilmington, Delaware. President Joe Biden's domestic policy adviser, Susan Rice, is stepping down from her post next month, multiple current and former senior administration officials told NBC News. White House chief of staff Jeff Zients said Rice, who served as national security adviser during the Obama administration, has been critical to driving Biden's agenda and has taken the Domestic Policy Council "to new heights." Rice, who was on Biden's short list for vice president, entered the job without a domestic policy background, having served in foreign policy roles during the Obama and Clinton administrations. Deputy White House chief of staff Jen O'Malley Dillon echoed Klain's praise in a written statement.
Biden's domestic policy adviser Susan Rice departs
  + stars: | 2023-04-24 | by ( ) www.reuters.com   time to read: +2 min
"After more than two years of her steady leadership of the Domestic Policy Council – it’s clear: there is no one more capable, and more determined to get important things done for the American people than Susan Rice," Biden said. Rice previously served as national security adviser and the U.S. ambassador to the United Nations under then-President Barack Obama when Biden was vice president. "As the only person to serve as both National Security Advisor and Domestic Policy Advisor, Susan’s record of public service makes history," Biden added. Rice played an influential role shaping Biden's immigration policy, tending to favor more restrictive measures at the U.S.-Mexico border. A source with knowledge of the issue previously said her push for tougher border enforcement clashed with more liberal staffers on the president's Domestic Policy Counsel.
In more than 50 executive actions, Biden is asking nearly every federal agency to expand care options without new spending. "And folks, care workers deserve to make a decent living and that's a fight I'm willing to have." The White House faces steep opposition to many of the social-spending proposals in the Republican-controlled House. Even before the pandemic in 2019, 76% of parents reported struggling to access affordable, dependable care, the White House said. The White House has long maintained that Biden's social-policy agenda is highly popular with the American public despite conservative gripes over costs.
"We are discussing ways to offer them legal support," one of the sources said of manufacturers and retail pharmacies. Major U.S. manufacturers of abortion pills include GenBioPro Inc and Danco Laboratories. Walgreens said in March it would not dispense abortion pills in the 20 states where it risked breaking the law. Discussions between the Biden administration and pill manufacturers and pharmacies over the issue have been ongoing for months, sources said, but Friday's decision brings fresh urgency. It is unclear whether the administration is considering following in California Governor Gavin Newsom's footsteps by withholding federal contracts from chains that suspend abortion pill sales.
WARSAW, April 5 (Reuters) - Poland's central bank held its main interest rate at 6.75% on Wednesday, as expected, and said it believes weakening gross domestic product growth, together with already implemented rate hikes, would help gradually curb inflation. The central bank's Monetary Policy Council now hopes that the rate hikes it has already implemented will see price growth return to single digits before the end of the year. Central bank governor Adam Glapinski has previously said that he expects inflation to fall to single digits around the beginning of September, paving the way for interest rate cuts in the fourth quarter. Investors are now waiting for more insight into the central bank's thinking when Glapinski holds a news conference on Thursday. On Tuesday, Romania's central bank kept its benchmark interest rate at 7.00%.
WARSAW, March 6 (Reuters) - Polish central bank governor Adam Glapinski will hold a press conference at 1400 GMT on Thursday, the bank said on Monday. Poland's Monetary Policy Council (MPC) meets to decide on interest rates on Tuesday and Wednesday. Reporting by Pawel FlorkiewiczOur Standards: The Thomson Reuters Trust Principles.
The previously unreported, behind-the-scenes effort has caught the attention of state lawmakers for the level of support offered by the administration. In some cases, the White House is leaning on key lawmakers in states with important abortion-related legislative fights this session. North Carolina is a special focus where the White House thinks it has the opportunity to fend off restrictions, one of the White House officials said. Republicans have largely shrugged off White House efforts at beating back efforts to limit abortion rights. The White House sees three different approaches to defend abortions rights and has broken down states into what they call either "battleground," "extremist" or "proactive" states, White House officials and advisors say.
Polish c.bankers see CPI falling from Q2 -minutes
  + stars: | 2023-02-10 | by ( ) www.reuters.com   time to read: 1 min
WARSAW, Feb 10 (Reuters) - Most members of Poland's Monetary Policy Council (MPC) said inflation in will start to gradually return towards the central bank's target rage from the second quarter of 2023, according to minutes from the sitting. The National Bank of Poland (NBP) left its main interest rate unchanged at 6.75% in January. Reporting by Alan Charlish, Pawel FlorkiewiczOur Standards: The Thomson Reuters Trust Principles.
WASHINGTON, Feb 2 (Reuters) - U.S. President Joe Biden will call on Thursday for government agencies to expand federal workers' access to paid and unpaid leave as he joins with former President Bill Clinton to mark the 30th anniversary of the 1993 Family and Medical Leave Act. The law, the first Clinton signed after taking office, guarantees that certain workers may take up to 12 weeks of unpaid leave without losing their jobs or health insurance benefits. On Thursday, he will issue a presidential memorandum calling on federal agencies to support access to leave without pay for federal workers, including during their first year of service. She said the Biden administration would "do whatever we can do by executive action" to advance protections for workers while continuing to push for national legislation ensuring paid family and medical leave. Heather Boushey, a member of the White House Council of Economic Advisers, said such changes would buttress the strength of the U.S. economy.
Morning Bid: Fed fillip, double trouble, triple A
  + stars: | 2023-02-02 | by ( ) www.reuters.com   time to read: +4 min
It looks less like fighting the Fed, than a mild disagreement. Powell didn't endorse that market view - which now has just one more quarter point rise to a terminal rate under 4.9% by May and 40 basis points of cuts from there by December. But he seemed ambivalent about investors' more optimistic take on disinflation and indicated the central bank was increasingly keeping its options open about a 'couple of hikes'. Meta's stock boomed as its earnings update showed stricter cost controls and a new $40 billion share buyback. With the risk around the BoE's split monetary policy council for a smaller quarter point move, it was the euro that looks set to emerge the winner of the three big central bank events.
WARSAW, Jan 12 (Reuters) - Double-digit inflation in Poland leaves no room for loosening monetary policy this year but interest rates will not rise further, central banker Ludwik Kotecki told Reuters. Kotecki said even talking about lower rates at the moment risked weakening the impact of monetary policy. Kotecki's views follow comments last week by Central Bank Governor Adam Glapinski, who said he remained hopeful a rate cut could happen this year, despite still rising inflation rates. The MPC has de facto ended the hike cycle, although formally it is in a phase of monetary policy tightening. Talking about rate cuts at the moment is, in my opinion, a communication error," that weakens the impact of monetary policy, he said.
WARSAW, Dec 8 (Reuters) - Poland's Monetary Policy Council (MPC) has made no decision about ending its tightening cycle, the central bank governor said on Thursday, as he reiterated that the series of rate hikes was paused rather than definitively finished. "We are still on hold," central bank governor Adam Glapinski told a news conference. "The Council... did not discuss whether to end the rate-hike cycle or not." Glapinski said he expected inflation would start to fall in March or April after rising at the beginning of 2023. "Then there will for sure be such a discussion in the Council.. whether to end the rate-hike cycle."
“Antisemitism is dangerous,” said Emhoff, the nation’s first Jewish spouse of a president or vice president. Second gentleman Douglas Emhoff during a roundtable about the rise of antisemitism in Washington on Wednesday. President Joe Biden has proposed raising that sum to $360 million in the coming year for the 2023 fiscal year. Conference speakers drew a link between antisemitism and another scourge that the Biden administration wants to confront: threats to democracy. “Antisemitism is the death knell of democracy,” said Deborah Lipstadt, a Holocaust scholar and the Biden administration’s special envoy to combat and monitor antisemitism.
As a result, the baseline conforming loan limit for 2023 will be $726,200, up $79,000 from this year’s limit of $647,200. Higher-cost areas will have a new loan limit of $1,089,300, or up to 150% of the baseline loan limit. Mortgages above these loan limits are considered “non-conforming” or “jumbo” mortgages, and typically come with higher interest rates. The baseline loan limit is the highest loan amount – not the purchase price – for a one-unit purchase. The law establishes the maximum loan limit in high-cost areas as a multiple of the area’s median home value, up to a maximum of 150% of the baseline loan limit.
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