Fed raises key rate as Powell takes helm in 2018 outlook
The Federal Reserve hikes its key short-term rate to 1.5 to 1.75 percent and signals two more increases in 2018 while lifting 2019 projections from two to three hikes. Powell notes resilience amid tariffs as markets wobble and long-term rate targets rest near 2.9 percent.
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Washington
Federal Reserve
U.S
Jerome Powell
Fed
Powell
Janet Yellen
Treasury
Mark Vitner
Wells Fargo
Vitner
Trump
Northeast hit by fourth nor'easter in three weeks
Snow plagued the Northeast with up to 13 inches near Allentown and 6 to 12 inches in New York City as 4000 flights were canceled and 15000 customers lost power. Authorities warned of further snow totals while residents urged it to end.
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New York
Philadelphia
Yana Damoiseau
New York City
West Virginia
New Jersey
Long Island
Allentown
Boston
New England
Pancho Ortega
Roberto Sims
Wilson Collins
Toms River
Trump backs $1.3 trillion spending bill with wall funding
Washington D C tops negotiators announce a bipartisan 1.3 trillion budget bill funding the military and border barriers. House Speaker Paul Ryan and President Trump met to cement support while Democrats warn protections for Dreamers and subsidies for insurers are not renewed. The plan includes 1.6 billion for new wall segments and levee walls but rejects a 25 billion multi year wall package and aims to avert a Friday shutdown.
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Donald Trump
U.s.-Mexico
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Suspected bomber detonates device as SWAT closes in Austin area
Police trace Mark Anthony Conditt through surveillance, cellphone data, and witnesses. The 23 year old detonates a bomb in his SUV during a pursuit near Pflugerville Texas. Authorities fear more devices may have been planted as motives remain unknown.
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Texas
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Mississippi appoints first woman to Congress
Governor Cindy Hyde-Smith is slated to fill U.S. Senate seat previously held by Thad Cochran, becoming Mississippi’s first woman in Congress. Cochran will depart April 1 due to health reasons, leaving Vermont as the last state without a female lawmaker.
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Washington
Cindy Hyde-Smith
Senate
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Hyde-Smith
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Thad Cochran
AIDS researcher named to lead the CDC
Dr. Robert Ray Redfield Jr., a prominent AIDS researcher from the 1980s, was selected to head the Centers for Disease Control and Prevention by U S Health Secretary Alex Azar. The appointment positions him as head of the federal public health agency.
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New York
Centers For Disease Control and Prevention
Robert Ray Redfield Jr
U.S
Secretary of Health and Human Services
Alex Azar
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