Fed raises interest rates for first time in 3 years, battling persistent inflation

WASHINGTON — The Federal Reserve raised interest rates Wednesday for the first time in three years as inflation continues to dog the economy, largely driven by soaring gas and fuel oil prices while the war in Iran drags on. The central bank’s Federal Open Market Committee voted 12-0 to increase its benchmark interest rate by a […]
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WASHINGTON — The White House Thursday withdrew the nomination of Richard “Lance” Schroyer to lead the agency the president tasked with carrying out his mass deportation campaign, U.S. Immigration and Customs Enforcement. Schroyer, a former Oklahoma state trooper, had yet to have his confirmation hearing before the Senate Committee on Homeland Security and Governmental Affairs. […]
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