Nov 28, 2017

Fed nominee doesn't signal big changes

Photo: Carolyn Kaster / AP

Donald Trump's pick to be the new chairman of the Federal Reserve, Jerome Powell, made his first appearance before Congress today, where according to Bloomberg, he pledged to stay the course. Takeaways:

  • Expect the Fed to raise rates again in December
  • Unemployment could fall below 4%
  • Banks are due for some regulatory relief
  • Powell's testimony was "middle of the road, don't rock the economy's boat," Chris Rupkey, chief financial economist at MUFG said

Bottom line: Bloomberg says Powell "should have smooth sailing to confirmation."

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Axios
Updated 10 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8:30 p.m. ET: 30,911,999 — Total deaths: 959,059— Total recoveries: 21,147,903 — Map.
  2. U.S.: Total confirmed cases as of 8:30p.m. ET: 6,796,384 — Total deaths: 199,474 — Total recoveries: 2,590,671 — Total tests: 95,108,559 — Map.
  3. Politics: Testing czar on Trump's CDC contradictions: "Everybody is right" — Ex-FDA chief: Career scientists won't be "easily cowed" by political vaccine pressure.
  4. Education: What we overlooked in the switch to remote learning.
  5. Health: The dwindling chances of eliminating COVID-19 — 7 states set single-day coronavirus case records last week.
  6. World: England sets £10,000 fine for breaking self-isolation rules — The countries painting their pandemic recoveries green.
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Rebecca Falconer, Jacob Knutson
34 mins ago - Politics & Policy

Arrest over letter to Trump containing poison ricin

President Trump returning to the White House from Minnesota on Sept. 18. Photo: Win McNamee/Getty Images

A suspect was arrested for allegedly "sending a suspicious letter" after law enforcement agents intercepted an envelope addressed to President Trump containing the poison ricin, the FBI confirmed in an emailed statement to Axios Sunday.

Details: The suspect, a woman, was arrested while trying to enter New York from Canada, law enforcement forces said.

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Alayna Treene
2 hours ago - Politics & Policy

Trump campaign goes all in on Pennsylvania

Trump poster in Scranton, Pennsylvania. Photo: Robert Nickelsberg/Getty Images

The president's campaign is placing more importance on Pennsylvania amid growing concern that his chances of clinching Wisconsin are slipping, Trump campaign sources tell Axios.

Driving the news: Pennsylvania, which has 20 electoral votes, twice Wisconsin's number, actually has been trending higher in recent public and internal polling, a welcome development for the campaign.

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