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Tag: Feds

Mayor Adams stands by NYPD commissioner caban after feds raid home

Mayor Eric Adams on Friday made his support clear to the public as he supports Edward Cavan, whose office has been sacked by local politicians since federal agents searched his home earlier this week. In his first interview since the attack, Hizzoner told PIX11 he still has faith and confidence in Cabans' ability to lead […]

Ex-Hochul aide, husband arrested in corruption probe after feds raided her LI home

A former aide to Gov. Kathy Hockal was arrested Tuesday morning along with her husband after federal agents searched their Long Island home earlier this year, the FBI announced. Linda Sun and her husband, Christopher Hu, were arrested in Long Island, the FBI confirmed to The Washington Post. The charges remain undisclosed. Sun and Hu […]

Feds slammed over ‘listeria factory’ linked to deadly Boar’s Head outbreak

Food safety experts have criticized government health inspectors for allowing a “Listeria factory” to operate despite dozens of disturbing violations before a deadly outbreak was linked to tainted Boar's Head deli meat products. The company's factory in Jarratt, Virginia, was found to have suffered from insect infestations, blood stains on the floors and mold over […]

Fed’s preferred inflation gauge ticked up in July as likely interest cut looms

The Federal Reserve's preferred measure of inflation rose slightly last month and consumer spending also grew robustly, suggesting the economy remains strong and providing a case for the central bank to oppose a half-percentage-point interest rate cut next month. The Commerce Department said on Friday that the personal consumption expenditures (PCE) price index rose 0.2% […]

Fake numbers, real pain: How the feds fudged our economy

Imagine a year's worth of stock market gains built on economic and employment data that was fake from the start. The government's constant downward revisions of this data, culminating in the 800,000 job cuts last week, expose the true nature of our fake economy, which benefits those connected to the government to the detriment of […]

US firms’ ‘low firing’ approach could turn to more layoffs, Fed’s Barkin warns

Jim Thorne, chief market strategist at Wellington Altus Private Wealth, argues that the Fed needs to get inflation down to neutral levels quickly. In newly released comments, Richmond Fed President Thomas Barkin said U.S. companies’ current approach to hiring decisions — hiring fewer people and firing fewer — is likely short-lived, and he noted the […]