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NYC burns pizzerias with new rule cutting smoky pollutants by 75%

New York City has quietly approved a controversial environmental plan that would require pizzerias and matzo bakeries using decades-old wood and coal stoves to reduce smoke pollutants by 75%. Mayor Eric Adams’ Office of Environmental Protection said: new edict The ordinance goes into effect April 27, and some city businesses have already spent more than […]

Powell: Fed needs ‘greater confidence’ before cutting rates

Federal Reserve Chairman Jerome Powell told House members on Wednesday that the Fed is not yet confident that inflation is contained enough to start cutting interest rates to stimulate the economy. In prepared remarks, Powell told the House Financial Services Committee that the central bank’s rate-setting committee would “lower the target range until we have […]

AOC suggests cutting off aid to Israel

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Most Fed members worried about cutting rates too quickly

Minutes from the Jan. 30-31 meeting show that most policymakers at the last Federal Reserve meeting expressed widespread uncertainty about how long borrowing costs should remain at current levels. There were concerns about the risk of cutting interest rates too soon. “Participants highlighted uncertainty about how long a restrictive monetary policy stance would need to […]

Fed officials raised concerns about cutting rates too soon, minutes show

Jeff Sica, founder of Circle Squared Alternative Investments, talks about whether the Fed will cut interest rates in 2024 on Bernie & Company. At its January policy meeting, Fed officials welcomed the recent decline in inflation but expressed concern about the risks of cutting interest rates too quickly. Minutes of the U.S. central bank’s Jan. […]

New York City Mayor Eric Adams Cutting Aid To Migrants

Democratic New York Mayor Eric Adams told Eyewitness News on Wednesday that his administration would cut funding for immigration by another 10 percent. Adams previously said he had cut funding for immigration by 20%. report. Adams told the outlet that the announcement came after the city’s “better-than-expected economic performance in 2023” led to the cancellation […]