The Federal Reserve voted unanimously Thursday to approve a cut to the federal-funds rate of one quarter point. The reduction is part of the central bank’s moves to stimulate economic activity, which it views as still potentially dampened by the higher rates enacted to control inflation after the Covid-19 pandemic. It follows a half-point rate cut enacted in September of this year. The rate cut will reduce the cost of borrowing and is intended to increase investment in the U.S. economy. “We are committed to maintaining our economy’s strength,” said Jerome Powell, Chairman of the Federal Reserve, about the move. The central bank may decide to cut rates one more time this year, at the Federal Reserve meeting in December. The post Fed Cuts Rates by a Quarter Point appeared first on The American Conservative.

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This audio is created with AI assistance Russian President Vladimir Putin congratulated Donald Trump on his victory in the U.S. presidential election during the Valdai forum in Sochi on Nov. 7. Putin said he is ready "to have discussions" with Trump. “What (Trump) said in terms of seeking to restore relations with Russia, to help bring the 'Ukrainian crisis' to an end, I think is noteworthy at least,” Putin said. Trump claimed victory in a presidential vote on Nov. 6, defeating his Democratic...

Alawyer representing Chris LaCivita, co-manager of the Trump campaign, and the Republican National Committee wrote a letter to demanding the Daily Beast news website correct or retract a story claiming LaCivita made $22 million from Trump campaign entities in two years. 

Donald J. Trump’s swift victory was driven by red shifts across the country, with gains among seemingly every possible grouping of Americans.