Powell’s stark message: Inflation fight may cause recession
The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.
FDA concedes delays in response to baby formula shortage
The Food and Drug Administration acknowledged Tuesday that its response to the U.S. infant formula shortage was slowed by delays in processing a whistleblower complaint and test samples from the nation’s largest formula factory.
Arbiter in Trump docs probe signals intent to move quickly
The independent arbiter tasked with inspecting documents seized in an FBI search of former President Donald Trump’s Florida home said Tuesday he intends to push briskly through the review process and appeared skeptical of the Trump team’s reluctance to say whether it believed the records had been declassified.
Feds: 47 exploited pandemic to steal $250M from food program
Federal authorities charged 47 people in Minnesota with conspiracy and other counts in what they said Tuesday was the largest fraud scheme yet to take advantage of the COVID-19 pandemic by stealing $250 million from a federal program that provides meals to low-income children.
Biden: US would defend Taiwan against Chinese invasion
China’s government on Monday criticized President Joe Biden’s statement that American forces would defend Taiwan if Beijing tries to invade as a violation of U.S. commitments about the self-ruled island, but gave no indication of possible retaliation.
