Powell: Fed aiming to avoid recession amid inflation fight
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession. Testifying to the Senate Banking Committee, Powell faced skeptical questions from members of both…
Read MoreBlack Americans living abroad reflect on Juneteenth holiday
BANGKOK (AP) — As the United States marks only the second federally recognized Juneteenth, Black Americans living overseas have embraced the holiday as a day of reflection and an opportunity to educate people in their host countries on Black history. President Joe Biden moved quickly last year to federally recognize the day Black Americans have…
Read MoreMcCartney marks 80th birthday with Springsteen, 60,000 pals
EAST RUTHERFORD, N.J. (AP) — How better to celebrate an 80th birthday than by singing about “Glory Days” onstage with Bruce Springsteen, and being serenaded by some 60,000 well-wishers? That was Paul McCartney's idea of a good time. Yes, the cute Beatle’ turns 80 this weekend, and he'll likely be resting after wrapping up a…
Read MoreUS expected to send $1 billion more in aid to Ukraine
WASHINGTON (AP) — The U.S. is expected to announce Wednesday that it will send as much as $1 billion in military aid to Ukraine, the largest single tranche of weapons and equipment since the war began. The effort is intended to help stall Russia’s slow but steady march to conquer the eastern Donbas region. U.S.…
Read MoreJan. 6 witness: Trump ‘detached from reality’ over election
WASHINGTON (AP) — Donald Trump’s closest campaign advisers, top government officials and even his family were systematically dismantling his false claims of 2020 election fraud on election night. But the defeated president was becoming “detached from reality” clinging to outlandish theories to stay in power. That's the assessment from former Attorney General Bill Barr testifying…
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