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☆ Dollar marches to over two-month peak ahead of Powell speech
▼ + stars: | 2023-08-25 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

The dollar index , which measures the U.S. currency against six rivals, rose 0.173% to 104.25, the highest since June 7. The index is up more than 2% in August and is set to snap its two-month losing streak. Wong said Powell is likely to stress that policy outcome remains highly dependent on economic data. "He does not need to be dovish but a less hawkish speech could see dollar ease off." The Australian dollar eased 0.20% to $0.641, while the New Zealand dollar fell 0.27% to $0.590.

Persons: Dado Ruvic, Jerome Powell, Powell, Christopher Wong, Wong, Patrick Harker, Susan Collins, Tom Hopkins, I'd, Ankur Banerjee, Jacqueline Wong Organizations: REUTERS, Rights, U.S, Federal, Jackson, Federal Reserve, Philadelphia Fed, Boston Fed, BRI Wealth Management, Bank of Japan, New Zealand, Thomson Locations: U.S, Singapore, Japan's Tokyo, Tokyo

☆ Morning Bid: Jitters mount as Powell retakes centre stage
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

Any hints about the Fed's rate outlook are sure to reverberate across asset classes. Stock markets around the globe slid as nerves grew, with Wall Street taking a tumble overnight and Japan's Nikkei (.N225) dropping 2% in the Asian morning. Stoxx 50 futures didn't offer much hope for the coming day after Europe's benchmark (.STOXX) drooped on Thursday. The pristine U.S. resiliency story took a hit earlier this week after surveys showing dismal business activity shook confidence. Reuters GraphicsFed officials squeezed in some final public comments before the boss's speech: Philadelphia Fed President Patrick Harker leaned towards holding policy steady for the rest of the year, while Boston Fed President Susan Collins kept the door open for additional hikes.

Persons: Brigid Riley, Jerome Powell, Jackson, drooped, Patrick Harker, Susan Collins, Christine Lagarde, Kevin Buckland, Edmund Klamann Organizations: Silicon Valley Bank, Credit Suisse, REUTERS, Staff, Japan's Nikkei, Thursday, Fed, Reuters Graphics, Philadelphia Fed, Boston Fed, Thomson Locations: Frankfurt, Silicon, Germany, U.S, Sweden

☆ Morning Bid: Dollar rockets as Powell trumps AI
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +5 min

Fed Chair Jerome Powell is due to deliver a keynote address to the annual central banking symposium in Jackson Hole at 1405 GMT. And given increasingly contrasting fortunes of economies on either side of the Atlantic, Powell's words are expected to contain a different message to the one from European Central Bank President Christine Lagarde later in the day at 1900 GMT. Turkey's lira gave back only some of Thursday's gains after its central bank shocked with a 750 basis point interest rate to 25%. Events to watch for on Friday:* Federal Reserve Chair Jerome Powell gives keynote speech at annual Fed symposium in Jackson Hole. European Central Bank President Christine Lagarde also speaks at Jackson Hole.

Persons: Mike Segar, Mike Dolan, Jerome Powell, Christine Lagarde, Ifo, Jackson, Powell, Patrick Harker, Susan Collins, Collins, Harker, BoE, China's bourses, Christina Fincher Organizations: Wall, New York Stock Exchange, REUTERS, Federal Reserve, Nvidia, European Central Bank, Philadelphia Fed, Boston Fed, ECB, Bank of, Treasury, Reuters, Authorities, University of Michigan's, Marvell, Reuters Graphics Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, Jackson, Bank of England, Asia, Jackson Hole, Jakarta

☆ Dollar loiters at two-month peak ahead of Powell speech
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar sat at an over two-month peak on Friday, on course for its sixth straight week of gains as markets await a speech from Federal Reserve Chair Jerome Powell to gauge the path of monetary policy. Investors will parse through Powell's address on monetary policy at the Jackson Hole Economic Policy Symposium at 10:05 a.m. The dollar index , which measures the U.S. currency against six rivals, rose 0.019% to 104.11, the highest since June 7. "He does not need to be dovish but a less hawkish speech could see dollar ease off." The Australian dollar eased 0.05% to $0.642, while the New Zealand dollar fell 0.02% to $0.592.

Persons: Jerome Powell, Powell, Christopher Wong, Wong, Patrick Harker, Susan Collins —, Tom Hopkins, I'd Organizations: U.S, Federal, Jackson, Federal Reserve, Fed, Boston Fed, BRI Wealth Management, New Zealand Locations: U.S, Singapore

☆ Dollar rises ahead of Jackson Hole gathering
▼ + stars: | 2023-08-24 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

"But the reaction to them was pretty muted overall, suggesting the Jackson Hole symposium is the main thing on the markets' mind," he said. Elsewhere, the Turkish lira rallied to a 2-month high against the dollar, up about 6% to 25.55 against the dollar after the Turkish central bank hiked the 1-week repo from 17.5% to a much-higher-than expected 25%. According to the median estimate in a Reuters poll, economists were expecting the policy rate to increase to 20%. Turkey's central bank embarked on a tightening cycle in June after President Tayyip Erdogan appointed former Wall Street banker Hafize Gaye Erkan as governor. The dollar was 0.7% higher against the yen , not far from the 9-month high 146.565 touched last week.

Persons: Dado Ruvic, Jerome Powell's, Jackson, Stuart Cole, Powell, Cole, Patrick Harker, Susan Collins, Tayyip Erdogan, Hafize Gaye Erkan, Piotr Matys, Saqib Iqbal Ahmed, Joice Alves, Tom Westbrook, Ankur Banerjee, Angus MacSwan, Andrea Ricci, Nick Zieminski Organizations: REUTERS, Jackson, Equiti, Federal Reserve, Philadelphia Fed, Boston Fed, U.S, Turkish, Wall Street, Touch Capital, Bank of England, Thomson Locations: London, Europe, Turkish, British

☆ Fed's Collins: May be at a place where Fed can hold steady - Yahoo Finance
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

[1/2] Federal Reserve Bank of Boston President Susan Collins stands behind the Jackson Lake Lodge in Jackson Hole, where the Kansas City Fed holds its annual economic symposium, in Wyoming, U.S., August 24, 2023. REUTERS/Ann Saphir Acquire Licensing RightsNEW YORK, Aug 24 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Thursday the central bank may be in a place where it doesn't need to raise rates again, while keeping open the option for more action. "We may be near, we could even be at a place where we would hold" and not raise rates further, Collins said in an interview on Yahoo Finance's video channel. Collins spoke on the sidelines of the Kansas City Fed's annual research conference in Jackson Hole, Wyo. Reporting by Michael S. DerbyOur Standards: The Thomson Reuters Trust Principles.

Persons: Susan Collins, Ann Saphir, Collins, Michael S Organizations: Federal Reserve Bank of Boston, Kansas City Fed, REUTERS, Yahoo, Kansas City, Market Committee, Derby, Thomson Locations: Jackson, Wyoming, U.S, Kansas

☆ US stocks tumble as Nvidia-led rally fizzles ahead of Powell's Jackson Hole speech
▼ + stars: | 2023-08-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

US stocks tumbled Thursday after an early Nvidia-led rally lost momentum and turned negative. Nvidia stock soared to an all-time high after the company beat earnings views and raised its guidance. Investors will be watching for Jerome Powell's speech Friday at Jackson Hole, Wyoming. The chipmaker's stock soared as high as 6.7% to a new all-time record of $502.66, before paring nearly all of its gains. Investors will be watching for more signals from Fed Chairman Jerome Powell during his speech in Jackson Hole, Wyoming on Friday.

Persons: Jerome Powell's, paring, Susan Collins, Patrick Harker, we've, Jerome Powell, Tom Lee, Jackson Organizations: Nvidia, Service, Boston, Philly Fed, Dow Jones Locations: , Wyoming, Wall, Silicon, Jackson Hole , Wyoming

☆ The 6 Kinds of Republican Voters
▼ + stars: | 2023-08-17 | by ( Nate Cohn | ) www.nytimes.com time to read: +15 min

But if the Republican Party is no longer in Reagan’s image, it’s not necessarily a populist-conservative MAGA monolith, either. But if the Republican Party isn’t quite a MAGA monolith, what is it? The groups were defined by how Republican-leaning voters felt on the issues — not how they felt about Mr. Trump. In fact, Mr. Trump leads Mr. DeSantis among every group of Republican voters identified in the analysis. They’re the smallest group of Republicans today, but this group of relatively moderate but anti-woke voters might play an important role in the Republican Party in the years ahead.

Persons: Donald J, Trump, Ronald Reagan’s, it’s, MAGA, Trump’s, Mr, They’re, ” They’re, it’s Mr, ”, —, Trump’s MAGA, don’t, Ron DeSantis, Susan Collins, Charlie Baker, Chris Sununu, Reagan, Bush, Biden, John Kasich, Marco Rubio, DeSantis, Rick Perry, Tim Scott, Rubio, John McCain, Mitt Romney, Romney, Liz Cheney, Roe, Wade, Ted Cruz, Newt Gingrich Trump, It’s, likeliest, Cruz, Rudy Giuliani, Paul LePage, Lou Barletta, Michael Grimm Trump, ” Reagan, Rand Paul, Jason Chaffetz, Dave Brat Trump, Vivek Ramaswamy, President Biden, they’re, “ Organizations: Right, Libertarian Conservatives, Moderate, Republican Party, New York Times, Siena College, Republican, Times, Mr, Conservatives, Fox, Trump, Blue, Trump Republican Party, Freedom Caucus, Fox News, Trump —, Republicans, Radicals, ” Reagan Democrats, Obama, Trump voters, President Locations: Ukraine, Siena, America, New York City, It’s

☆ Trump Indictment Presents New Obstacle in Spending Fight as Shutdown Looms
▼ + stars: | 2023-08-04 | by ( Carl Hulse | More About Carl Hulse | ) www.nytimes.com time to read: +2 min

House Democrats already uniformly oppose the emerging spending bills since they are below the spending levels agreed to by Mr. Biden and Mr. McCarthy in their deal to suspend the federal debt limit and contain numerous conservative policy riders they find objectionable. Should conservatives prevail in their insistence on even deeper cuts and other restrictions on federal law enforcement, it could drive off more mainstream Republican votes. is a stark break with the traditional Republican orthodoxy of strong support for law enforcement. It has little traction in the Senate, where Democrats and Republicans have been working in a bipartisan fashion to advance spending bills for consideration when the Senate returns next month. Most senators of both parties would be opposed to entertaining the sort of spending reductions for law enforcement sought by the House conservatives.

Persons: Biden, McCarthy, Greene, “, ”, Susan Collins of, Trump Organizations: Republican, Senate, Republicans, of Justice, Freedom Caucus Locations: Susan Collins of Maine, Russia, “

☆ A confused Dianne Feinstein tried to give a speech in the middle of a Senate hearing vote and was told to 'just say aye' instead
▼ + stars: | 2023-07-27 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

A top Senate Democrat pleaded with Sen. Dianne Feinstein during an awkward moment. Senate Appropriations Chairwoman Patty Murray told her colleague to "just say aye." Feinstein appeared to be launching into a lengthy speech during a time when senators were just supposed to vote. "Just say aye," Senate Appropriations Chairwoman Patty Murray repeatedly pleaded with her colleague. In recent weeks, Feinstein voted in favor of a Republican-led amendment during a different Senate hearing before being corrected.

Persons: Sen, Dianne Feinstein, Patty Murray, Feinstein, Democratic Sen, Murray, didn't, Susan Collins, Joe Biden's, Bryan Metzger Organizations: Service, Privacy, Democratic, California Democrat, Republican, Capitol, Pentagon, California Democrats Locations: Wall, Silicon, California

The hardliners, including members of the House Freedom Caucus, also called on McCarthy to delay appropriations votes in the House of Representatives until all 12 government funding bills have been finalized and can be subjected to a side-by-side review. "Absent adhering to the $1.471 trillion spending level ... we see an impossible path to reach 218 Republican votes on appropriations or other measures," the letter said. House Republicans last month voted on a lower target of $1.47 trillion, which would cut spending for the environment, public assistance and foreign aid. House Republicans are also trying to use the legislation to rescind key Biden priorities in areas such as climate change and tax collection. DeLauro, the senior Democrat on the House Appropriations Committee, noted that House Republicans "know and have said publicly, that in the end they are going to need Democratic votes to keep the government open."

Persons: Kevin McCarthy, McCarthy, Joe Biden, Scott Perry, Chip Roy, McCarthy's, Biden, Patty Murray, Susan Collins, Rosa DeLauro, DeLauro, David Joyce, Joyce, David Morgan, Richard Cowan, Scott Malone, Jonathan Oatis, Leslie Adler Organizations: . House, Democratic, Caucus, Republican, Senate, House Republicans, White House, Republicans, Republican Governance Group, Reuters, Thomson Locations: United States

"July is going to have a lot of late-night votes and a lot of really big issues being tackled," House Majority Leader Steve Scalise, the chamber's No. House Republicans are aiming to craft a series of 12 detailed spending bills covering every aspect of government funding, an intricate feat Congress has not pulled off on time since fiscal 1997. House Republicans last month voted on a lower target of $1.47 trillion, which would cut spending for the environment, public assistance and foreign aid. "House Republicans really are committed to shrinking spending. House Republicans are also trying to use the legislation to rescind key Biden priorities in areas such as climate change and tax collection.

Persons: Kevin McCarthy, Joe Biden, Steve Scalise, Patty Murray, Susan Collins, Biden, McCarthy, Dusty Johnson, Rosa DeLauro, David Joyce, Joyce, David Morgan, Richard Cowan, Scott Malone, Jonathan Oatis Organizations: Republican, House, Democratic, Senate, Republicans, House Republicans, White House, Main Street Caucus, Reuters, Committee, Caucus, Republican Governance Group, Thomson Locations: United States

☆ Senate confirms abortion rights lawyer to US appeals court
▼ + stars: | 2023-06-20 | by ( Andrew Goudsward | ) www.reuters.com time to read: +2 min

June 20 (Reuters) - A lawyer who argued on the losing side of the U.S. Supreme Court case that ended the national right to abortion won confirmation on Tuesday to a seat on a federal appeals court. The U.S. Senate confirmed Julie Rikelman, a top lawyer for the Center for Reproductive Rights, to the Boston-based 1st Circuit U.S. Court of Appeals by a vote of 51-43. Rikelman represented Mississippi's last remaining abortion clinic in urging the Supreme Court to reaffirm the constitutional right to abortion and strike down a state law that banned the procedure after 15 weeks of pregnancy. Rikelman's nomination drew opposition from Republicans, who questioned her abortion rights advocacy during a September 2022 Senate hearing and described her position on the issue as extreme. She is Biden’s third nominee to secure a seat on the court, whose active judges were all nominated by Democrats.

Persons: Julie Rikelman, Susan Collins of, Lisa Murkowski, Rikelman, Dobbs, Joe Biden, Biden, Rikelman's, Andrew Goudsward, David Bario Organizations: U.S, Supreme, U.S . Senate, Center for Reproductive, Circuit U.S, Jackson, Health Organization, Republicans, Center for Reproductive Rights, Thomson Locations: Boston, Susan Collins of Maine, Alaska, Mississippi's, New York

WASHINGTON, June 6 (Reuters) - The battle to raise the U.S. debt ceiling rekindled debate in Congress over funding for Ukraine, as House of Representatives Speaker Kevin McCarthy said on Tuesday he had no immediate plans to take up legislation to boost defense spending beyond what was in last week's deal. McCarthy's comments could signal a tougher road through Congress when President Joe Biden next asks for additional funds for Ukraine. However, McCarthy, who negotiated the agreement with Biden, said he would not automatically allow a vote on supplemental spending legislation in the Republican-led House. SOME SENATE REPUBLICANS DISAGREEHowever, some Republican senators still said they believed a supplemental spending bill would be necessary. McCarthy said he supported Ukraine and helping Ukraine to defeat the Russian invasion but would want more information before moving ahead.

Persons: Kevin McCarthy, Joe Biden, Lawmakers, Biden, McCarthy, Susan Collins, Patricia Zengerle, Bill Berkrot, Jamie Freed Organizations: Ukraine, Kyiv, Republicans, Democratic, Republican, Department of Defense, Capitol, SOME, House Republicans, Democrats, House, Thomson Locations: Congress, Ukraine, Russian, Russia

☆ Morning Bid: China factory fright, dollar surges
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +4 min

The yuan , now down more than 3% from its early May peaks, skidded to its lowest level of the year against the dollar as investors considered the possibility of further credit easing by the Chinese central bank. The dollar index hit its highest level since mid-March, with the European inflation news and China demand picture knocking the euro to its lowest in two months too. German import prices fell at an annual rate of 7% in April and the ECB's financial stability report warned about a "disorderly" hit to house prices from higher mortgage rates. The House Rules Committee voted 7-6 on Tuesday to approve the rules allowing a debate and vote by the full chamber. Overall, stock markets slipped back slightly - with Hong Kong's Hang Seng index the big underperformer after the Chinese factory release.

Persons: Mike Dolan, Loretta Mester, Philip Jefferson, Susan Collins, Patrick Harker, Christine Lagarde, Jane Merriman Organizations: Federal Reserve, Cleveland Fed, Wednesday's Financial, European Central Bank, Dallas Fed, Boston, Philadelphia Fed, Consumer, Thomson, Reuters Locations: U.S, Europe, China, Italy, Chicago

☆ Data lifts dollar, euro soft as Germany enters recession
▼ + stars: | 2023-05-25 | by ( ) www.cnbc.com time to read: +3 min

The dollar rose for a fourth straight session on Thursday against a basket of major peers to hit a fresh two-month high, as U.S. economic data signaled resilience even after the Federal Reserve's aggressive rate hike cycle. In contrast the German economy, Europe's largest, was in recession in the first quarter as GDP fell 0.3%, sending the euro lower. The dollar index rose 0.27% at 104.100 after hitting 104.27, its highest since March 17. Boston Federal Reserve President Susan Collins said on Thursday the time may be at hand for the U.S. central bank to pause its rate hike cycle. Worries about a potential U.S. default supported the dollar as talks continue in Washington to raise the $31.4 trillion debt ceiling.

Persons: Joe Manimbo, CME's, Susan Collins, Fitch, DBRS Morningstar, Kevin McCarthy, Sterling Organizations: Washington DC, Fed, Boston Federal, U.S, Treasury, AAA, White House, Republican Locations: Brest, France, U.S, Washington, United States

☆ Oracle's Larry Ellison gears up to spend millions to back Tim Scott's 2024 run
▼ + stars: | 2023-05-22 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Oracle co-founder and Republican megadonor Larry Ellison is preparing to spend millions of dollars backing Sen. Tim Scott's run for president. The Opportunity Matters Fund PAC has been rebranded for Scott's White House run with a new name: Trust In The Mission PAC, or TIM PAC. Another veteran Republican fundraiser told CNBC that Ellison is already planning to donate up to $10 million to the TIM PAC in the early going of Scott's run. Ellison has signaled to allies that he could give at least between $20 million and $30 million more this cycle, this person said. Ellison admires Scott a great deal for the senator's strong support for Israel, according to a lobbyist who's worked with Oracle and has known Ellison for years.

☆ Senate Republicans oppose vote just to raise US debt ceiling, push for other priorities
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +2 min

Biden will meet with four top congressional leaders on Tuesday to discuss spending priorities, according to the White House. Schumer said this week that the Senate might consider a bill that only raises the debt ceiling without addressing other Republican priorities. With only a 51-49 majority in the Senate, Schumer would need the support of at least nine Republicans to clear a 60-vote threshold to advance such legislation. The latest Senate Republican letter shows the party could block a so-called "clean" debt ceiling bill. The House in late April passed a bill to raise the government's $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade.

☆ How Randi Weingarten Landed at the Heart of America’s Political Fights
▼ + stars: | 2023-04-28 | by ( Jonathan Mahler | ) www.nytimes.com time to read: +4 min

But Weingarten was friendly with McAuliffe from the Clinton days and was supporting his candidacy on Twitter and cable news, and the A.F.T. By the fall of 2021, America’s public schools were fully open, but mask mandates were still being hotly contested. gave more than $1 million to McAuliffe, and Weingarten even knocked on doors for him in Alexandria. The tabloid, which had been gleefully attacking Weingarten for years — dubbing her Whine-garten — trumpeted the story: “Powerful Teachers Union Influenced C.D.C. Senator Susan Collins of Maine grilled the C.D.C.’s director, Dr. Rochelle Walensky, at a committee hearing over what she called the C.D.C.’s “secret negotiations” with the teachers’ union.

☆ RESTRICT Act explained: proposed TikTok ban is 'a PATRIOT Act for the digital age,' some lawmakers say
▼ + stars: | 2023-04-23 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +11 min

The RESTRICT Act, a bill that could ban TikTok nationwide, was introduced in the Senate last month. GOP Senator JD Vance of Ohio called the bill proposal "a PATRIOT Act for the digital age." But the RESTRICT Act — touted as a way ban TikTok nationwide — would do far more than prevent users from accessing an app known for its viral dance routines and conspiracy theory videos. "This will directly improve our national security as well as safeguard Americans' personal information and our nation's vital intellectual property." Even those who support a TikTok ban, such as Senator JD Vance of Ohio, don't see the RESTRICT Act as an appropriate solution.

☆ Senate legislation would cap insulin at $35 per month for people with private insurance
▼ + stars: | 2023-04-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

In this photo illustration, insulin pens manufactured by the Novo Nordisk company are displayed on March 14, 2023 in Miami, Florida. Bipartisan Senate legislation introduced Friday would cap the price of insulin at $35 per month for people with private insurance. Biden's Inflation Reduction Act, which became law last year, capped the price of insulin at $35 a month for seniors on Medicare. More than 2 million patients with diabetes who take insulin are privately insured, according to the Health and Human Services Department. In March, Eli Lilly, Novo Nordisk and Sanofi announced they would slash prices of their most widely used insulin products in response to growing public pressure to address rising costs.

☆ Battle over Biden labor nominee Julie Su heats up
▼ + stars: | 2023-04-10 | by ( Nandita Bose | ) www.reuters.com time to read: +6 min

[1/2] Julie Su applauds while being nominated by U.S. President Joe Biden to serve as the Labor secretary during an event in the East Room of the White House in Washington, U.S., March 1, 2023. Crucial senators in Montana, West Virginia and Arizona, who voted for Su to become deputy Labor Secretary in 2021, are on the fence about her confirmation for the top job. The AFL-CIO will target Montana, West Virginia, Arizona and Maine, communicating support for Su to its members to get them to contact their state senators. A spokesperson for Maine's Republican Senator Susan Collins said she does not support Su's nomination. She voted no on Su's deputy secretary nomination in 2021, as did all Republicans.

April 7 (Reuters) - The federal judge who on Friday suspended approval of the abortion pill mifepristone is a former Christian legal activist whose small courthouse in Amarillo, Texas, has become a go-to destination for conservatives challenging Biden administration policies. U.S. District Judge Matthew Kacsmaryk, an appointee of former Republican President Donald Trump, had a long track record of opposing abortion and LGBTQ rights before the U.S. Senate confirmed him in 2019 to a life-tenured position as a federal judge. FAVORED VENUESince then, his courthouse has become a favored venue for conservative legal activists and Republican state attorneys general pursuing lawsuits seeking to halt aspects of Democratic President Joe Biden's agenda - often with success. In October, Kacsmaryk vacated Biden administration guidance requiring employers to allow transgender workers to dress and use bathrooms consistent with their gender identities. Reporting by Nate Raymond in Boston, Editing by Alexia Garamfalvi, Bill Berkrot and Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Pool via REUTERSApril 8 (Reuters) - The federal judge who on Friday suspended approval of the abortion pill mifepristone is a former Christian legal activist whose small courthouse in Amarillo, Texas, has become a go-to destination for conservatives challenging Biden administration policies. U.S. District Judge Matthew Kacsmaryk, an appointee of former Republican President Donald Trump, had a long track record of opposing abortion and LGBTQ rights before the U.S. Senate confirmed him in 2019 to a life-tenured position as a federal judge. When anti-abortion groups in November filed a lawsuit challenging the U.S. Food and Drug Administration's more than two-decade old approval of the abortion pill mifepristone, they filed in Amarillo, guaranteeing the case would be heard by Kacsmaryk. FAVORED VENUESince then, his courthouse has become a favored venue for conservative legal activists and Republican state attorneys general pursuing lawsuits seeking to halt aspects of Democratic President Joe Biden's agenda - often with success. While the district's chief judge could order cases be reallocated, he has not.

[1/2] A "now hiring" sign is displayed outside Taylor Party and Equipment Rentals in Somerville, Massachusetts, U.S., September 1, 2022. Economists polled by Reuters expect a gain of 239,000 jobs in March, with hourly wages rising at a 4.3% annual rate and the unemployment rate remaining at 3.6%, a level seen less than 20% of the time since World War Two. Unemployment is still at a very low level," Boston Fed President Susan Collins said in an interview with Reuters last week. How "slack" in the labor market links to lower inflation may depend on where job growth slows, and over what timeline. "The services sector, in particular, has contributed substantially to recent inflation, reflecting ongoing imbalances in labor markets where supply remains impaired and demand remains robust," they wrote.

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