Federal Reserve Bank of Philadelphia President Charles Plosser said he’s “encouraged” by a report today showing faster gains in prices while calling for vigilance as inflation moves closer to the Fed’s 2 percent goal.
Conservative political commentator and author Dinesh D’Souza, who made the film “2016: Obama’s America,” pleaded guilty to violating U.S. campaign finance law by using straw donors to exceed federal limits.
The release of California Governor Jerry Brown’s 2014-15 budget last week was a cause for celebration in Sacramento. In news conferences all over the state, Brown triumphantly announced that his budget would invest in California’s schools, expand health-care coverage for millions and continue work on the state’s troubled high-speed rail project. All of this while Brown and his allies have been touting what they call California’s comeback as an example for other states to follow.
Asli Aydintasbas, a young Turkish columnist with steely nerves and a keen grasp of Middle Eastern politics, sent a note from Istanbul to a Hoover Institution blog where it will be published later this month. Her title tells the story: “Where Have the Americans Gone? Who Invited the Russians Back?”
Nathan Sheets, the Federal Reserve’s behind-the-scenes international emissary during the global financial crisis, is returning to the fray as Treasury Secretary Jacob J. Lew’s frontman on the world economic stage.