SaveSave story

Full statement appointing special counsel on Russia probe

Mikhail Klimentyev / Sputnik, Kremlin Pool Photo via AP

From deputy Attorney General Rod Rosenstein, on his decision to name Robert Mueller the Special Counsel on the probe into Russian interference in the 2016 U.S. presidential election:

"In my capacity as acting Attorney General, I determined that it is in the public interest for me to exercise my authority and appoint a Special Counsel to assume responsibility for this matter. My decision is not a finding that crimes have been committed or that any prosecution is warranted. I have made no such determination. What I have determined is that based upon the unique circumstances, the public interest requires me to place this investigation under the authority of a person who exercises a degree of independence from the normal chain of command."
"Each year, the career professionals of the U.S. Department of Justice conduct tens of thousands of criminal investigations and handle countless other matters without regard to partisan political considerations. I have great confidence in the independence and integrity of our people and our processes. Considering the unique circumstances of this matter, however, I determined that a Special Counsel is necessary in order for the American people to have full confidence in the outcome. Our nation is grounded on the rule of law, and the public must be assured that government officials administer the law fairly. Special Counsel Mueller will have all appropriate resources to conduct a thorough and complete investigation, and I am confidence that he will follow the facts, apply the law and reach a just result."
Axios 8 hours ago
SaveSave story

Fed raises rates, says economy getting stronger

Federal Reserve Chairman Jerome Powell.
Federal Reserve Chairman Jerome Powell. Photo: Alex Wong/Getty Images

The Federal Reserve today raised interest rates a quarter-point, as expected, and forecast more interest rate hikes over the next two years because of the improving economic outlook.

Why it matters: The recent tax law and budget deal helped boost the Fed's economic outlook, the Wall Street Journal reports, but also led to warnings about inflation which is "expected to move up in the coming months," according to the Fed's statement.

Sara Fischer 9 hours ago
SaveSave story

Wall Street analysts express concerns about Facebook's management

Photo by Jaap Arriens/NurPhoto via Getty Images

Wall Street analysts are citing concerns over Facebook's management style in evaluating the company's stock in light of the days-long Cambridge Analytica controversy.

Why it matters: Investors have shifted their concerns about Facebook from things they can't handle, like market conditions and calls to regulate data-driven tech platforms, to things they can, like their management style or structure.