Fed keeps rates ultra low despite inflation rising
The Federal Reserve said it will keep rates near zero even after inflation exceeds 2 percent, aiming for moderately above 2 percent for some time. Powell described a stronger labor market and a slow recovery, with rates staying low for years as unemployment remains high and aid debates stall.
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Washington
Federal Reserve
Fed
Jerome Powell
Powell
Jackson Hole
Wyoming
Grand Teton Mountains
Kathy Bostlancic
U.S
Oxford Economics
Congress
Federal Reserve Bank of Kansas City
FOMC
Communities fight wildfires with hoses near Santa Cruz
Residents in Boulder Creek and Benny Doon join civilian crews to defend homes as Cal Fire warns against entering evacuated zones. The effort, led by former firefighters and locals like Jaimi Jansen and the Katz brothers, has slowed fires but risks hindering official responses and potential rescues.
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Redwood City
Calif
California
San Francisco
California Department of Forestry and Fire Protection
Santa Cruz
Ken Pimlott
Cal Fire
Boulder Creek
Santa Cruz Mountains
Benny Doon
Robert
Jesse Katz
Jaimi Jansen
Jansen
Daniel Berlant
Berlant
Gregg Schalaman
Schalaman
Cal
Kevin
CIA
Bonny Doon
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Federal Open Market Committee
Roswell