The Federal Reserve appears increasingly likely to hike interest rates next week, as inflation remains stubbornly elevated amid the war with Iran.
New data out Friday showed annual inflation remained unchanged in August, still well above the central bank’s target 2 percent rate. This is raising expectations of a rate hike, even as President Trump pushes for Fed Chair Kevin Warsh to cut rates.
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Elizabeth Conley, Houston Chronicle via Getty Images
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Democrats gain ground among Hispanic voters disenchanted with Trump
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President Trump’s gains with Hispanic voters helped catapult him to the White House in 2024, raising questions about whether the key voting bloc had left the Democratic coalition.
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Husted ousts his political director over posts with Nazi imagery
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Sen. Jon Husted (R-Ohio) fired his campaign’s political director, Stephen Woytek, on Friday after learning about social media posts linked to Woytek, including a Facebook profile photo of Nazi officers and a public playlist of songs celebrating Rhodesia, a now-defunct nation often venerated by white supremacists.
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Whole Hog Politics: A pseudo-policy at a pseudo-convention
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[Watch Whole Hog Politics: Hill Insider members can join us today at 9 a.m. EDT as Chris Stirewalt and host Bill Sammon offer a special episode for the 25th anniversary of the 9/11 attacks, including Bill’s experience as a White House reporter inside the presidential bubble when then-President George W. Bush was informed of the attacks.]
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Live updates: Trump, Vance, past presidents pause to remember Sept. 11
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President Trump and Defense Secretary Pete Hegseth remembered Sept. 11 at the Pentagon, while Vice President Vance joined past presidents and New York City Mayor Zohran Mamdani (D) at Ground Zero on Friday morning, as America pauses to honor the victims of the 2001 terrorist attacks.
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Joshua A. Bickel, Associated Press file
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State lawmaker calls on Trump to rename Lake Erie to ‘Lake Pennsylvania’
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Pennsylvania state Rep. David Maloney (R) called on President Trump this week to rename Lake Erie to “Lake Pennsylvania” following similar moves by the president earlier this year.
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Juror says testimony by Lindsay Clancy’s ex-husband influenced her
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A juror in the Lindsay Clancy mistrial claimed in a new interview that testimony from the Massachusetts mother’s ex-husband Patrick Clancy was “very impactful” in her decision to vote not guilty.
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CIA releases never-before-seen warnings to Bush, Clinton about al Qaeda
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The CIA on Friday publicly released for the first time a tranche of daily intelligence briefings provided ahead of Sept. 11, 2001, to former Presidents George W. Bush and Clinton about al Qaeda’s plans to commit terrorist attacks on U.S. soil.
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Cruz on $5K dividend: ‘I don’t think we should be paying people that are not working’
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Sen. Ted Cruz (Texas), a prominent conservative voice in the Senate GOP conference, says he’s willing to support President Trump’s proposal to give $5,000 dividend payments to U.S. adults provided that they are structured as tax refunds and go to people who work and pay taxes.
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