On Wednesday, Federal Reserve Chairman Jerome Powell announced that the Fed would raise interest rates for the ninth consecutive time. And he explained why he raised interest rates by a quarter of a percentage point.
“We must bring inflation down to 2 percent. To reduce it, you need to pay, the real price is up to 2 percent,” he said.
Earlier this week, President Joe Biden presented the recipients of the 2021 National Humanities Medal and the National Medal of Arts at the White House. Among the guests at the event, which was postponed due to the pandemic, were Bruce Springsteen, Julia Louis Dreyfus and Colson Whitehead.
Despite reports this week that Donald Trump will be impeached, this is not the case. At least for now. A Manhattan grand jury heard evidence of hidden payments to former President Donald Trump during the 2016 presidential campaign. This week the grand jury finished hearing the witnesses.
Meanwhile, protests continue in Israel this week. Thousands of people took to the streets yesterday on the occasion of the Day of the Unemployed. They were protesting the legal government's overhaul of the justice system in their country.
In India, there is a mass hunt for the leader of the Sikh separatists, who called for the creation of a new independent homeland. Indian police have called Amritpal Singh and his accomplices a "threat to national security".
Somalia is one of the poorest countries in the world. It was destroyed by years of war and decades of political instability. Now another drought awaits. Drought in Somalia killed 43,000 people last year, according to a new report. Authorities estimate that half of them are children under the age of 5.
Arthur Delaney of HuffPost , Megan Scully of Bloomberg News and Benji Serlin of Semaphore take us through the week's top national headlines.
Bloomberg's Katrina Manson , Al-Monitor's Joyce Karam and Foreign Policy's Jennifer Williams joined the international roundup.
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