'While simpler is often seen as a virtue, it can also be a detriment, since policymaking has to be done in an uncertain world, one in which the economy is...
- Federal Reserve policy statements would benefit from somewhat lengthier passages than currently employed to describe assessments of economic developments , how that influences the central bank's outlook and the risks to that outlook, Cleveland Fed President Loretta Mester said on Tuesday.
"In my view, it would be preferable for policymakers to take control of the narrative by using more words to describe the current assessment of economic developments, how they have influenced the outlook, and the risks to that outlook," she said.Another improvement to Fed communications would be the introduction of an "anonymized matrix" of economic and policy projections alongside the Summary of Economic Projections, or SEP, published each quarter.
Justin Lane/Pool via ReutersFormer President Donald Trump fired off a series of furious social media posts the night before–and in the days leading up to–the final crucial stretch of the former president’s hush-money trial in New York.Both prosecutors and Trump’s defense lawyers on Tuesday will begin their week by addressing the jury in closing arguments. It is unknown how long the process will take but is expected to last all day, according to the Associated Press.
22 Older Adults Revealed What They're "Tired Of" At This Point In Their Life, And I Appreciate The Brutal, Older-And-Wiser HonestyPrince Harry and Meghan Are Working on a "Big Move" for Archie and LilibetTrump Just Sold His $10M Jet to One of His Megadonors Former Russian President Dmitry Medvedev hit back at the comments on X, saying that US strikes on Russian targets would result in a "world war."
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