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HUFFPOST Fed's Powell Expects Inflation

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HUFFPOST Fed's Powell Expects Inflation Page 8 ~ THE VILLAGER/July 16, 2021 THE DISPATCH www.theaustinvillager.com Fox News Hammered With How Its Vaccine Coverage Will Go Down In History By Lee Moran | HUFFPOST (HUFFPOST) - CNN “New Day” anchors Brianna Keilar to a public service announcement from Australia’s Depart- and John Berman hammered home the same point over ment of Health showing a young woman with COVID-19 and over on Wednesday — that 99% of people who are struggling to breathe on a ventilator. now dying from COVID-19 in the United States are unvacci- “When history asks how so many Americans died when nated. they could have been saved by a simple shot or two, you’ll They also called out Fox News personalities including see these TV clips again that we’ve just shown, in docu- Tucker Carlson and Laura Ingraham, other conservative me- mentaries, about the cautionary tale that has been America’s dia outlets and GOP lawmakers who have sown doubt about response to the coronavirus pandemic,” said Keilar. the COVID-19 vaccines that have been declared by scien- “About how a large part of our country, misled by misin- tists worldwide to safely slow the spread of the coronavirus. formation often echoed by elected officials and right-wing “Millions of Americans are seeing this nonsensical, non- media, was thrown a life raft, and instead said, ‘No, I’ll take scientific propaganda instead of this,” said Berman, cutting my chances,’” she added. Fed’s Powell expects Inflation to stay hot for months Both the Fed and the Biden administration have said rapid price increases are being stoked by temporary factors. By VICTORIA GUIDA POLITICO such as hiccups in the since 2008 and higher faster-than-expected re- than expected, feeding (POLITICO) Federal opening of the economy. fears that the Fed might Reserve Chair Jerome But Powell hadn’t previ- have to intervene Powell will warn law- ously indicated how long sooner than projected. makers Wednesday that he thinks that what he In his testimony, inflation is likely to re- calls “transitory” infla- Powell reiterates that main high for months tion might last. the Fed would begin re- before cooling down, in His remarks sug- moving some of its eco- the wake of hotter-than- gest that while the cen- nomic support “if we expected price increases tral bank still sees the saw signs that the path in May and June. pace of price increases of inflation or longer- “Inflation has in- as temporary, they could term inflation expecta- creased notably and will last a while. Treasury tions were moving ma- likely remain elevated in Secretary Janet Yellen terially and persistently coming months before said in May that she ex- beyond levels consistent moderating,” Powell pects inflation to remain with our goal” of an av- says in his prepared tes- elevated through the erage 2 percent inflation securities, saying the unemployment rate was be strong in coming timony to the House Fi- end of the year. over time. country is “still a ways 5.9 percent in June, “and months as public health nancial Services Com- On Tuesday, the La- However, he gave off” from making this figure understates conditions continue to mittee. bor Department re- no sign that the central enough progress toward the shortfall in employ- improve and as some of Both the Fed and ported that the con- bank is planning to act the central bank’s goals, ment,” given how many the other pandemic-re- the Biden administration sumer price index rose imminently to slow its which include maximum people are on the side- lated factors currently have said rapid price in- 5.4 percent in June from massive purchases of employment. lines of the workforce weighing them down di- creases are being stoked the same month last U.S. government debt Despite record- right now, he says. minish,” according to by temporary factors, year, the biggest jump and mortgage-backed high job openings, the “Job gains should Powell. (NNPA) - Ice Cube‘s According to letters scripts Ice Cube wrote Friday series is in the between the parties, for the next Friday film Ice Cube middle of a tug-of-war Warner Bros. doesn’t in- and feels Warner Bros. between the rapper and tend to relinquish any has been a “poor stew- and Warner Bros. studios. rights to the film and ard” for the franchise. According to The Wall have blamed Ice Cube “These guys don’t get Street Journal, Ice Cube instead for the movie’s me, and I don’t get Warner wants Warner Bros. to delay, citing that his time them,” Ice Cube said in relinquish the rights to has been spent with an interview with the Bros. the Friday series as well other business ventures WSJ. as All About The like the Big3 basketball While Friday re- Benjamins and The Play- league. Warner Bros. re- mains in limbo, Ice Cube fight ers Club and has accused sponded calling the de- has signed on to star in the studio of delaying mand “extortionate” the upcoming film Oh over the next installment in and saying it won’t re- Hell No. The film will be the franchise, Last Fri- lease rights to Friday or directed by Kitao Sakuri day. The two parties any other Ice Cube films, who most recently di- ‘Friday’ agreed to develop Last according to correspon- rected and co-wrote Friday in 2012, with dence obtained by the Netflix’s No. 1 comedy Ice Cube (Photo credit: Bang Media) franchise Cube reportedly to be Wall Street Journal. movie Bad Trip, starring paid $11 million. Dis- A letter from the Eric Andre, Lil Rel to star in the film as well to say about that: “Oh By Michael “Ice-Blue” Harris agreements over the hip-hop veteran’s attor- Howery and Tiffany which follows Sherman hell no.” script and other issues ney said the studio has Haddish. (Black), who falls in love Oh Hell No is ex- NNPA have delayed the new been excessive in its According to Dead- with Will’s (Cube) mom, pected to be released on BLACKPRESS film for years. feedback notes on the line, Jack Black is in talks who has only one thing June 17, 2022..
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