Author: Press Room
Jerome Powell Says Higher Oil Prices Won’t Lead to a Fed Hike Jerome Powell did some good today. The Breitbart Business Digest levels a lot of criticism at the soon-to-be-former Federal Reserve chairman. There’s no need to rehearse our criticism of his leadership now. Instead, the chair’s remarks to students at Harvard University on Monday give us an opportunity to praise the chairman. The most important thing Powell said Monday is that the Fed is inclined to look past the energy shock stemming from the war in Iran. He argued that energy disruptions tend to be short-lived and that monetary policy’s…
The following content is sponsored by Lockheed Martin. Massive Production Boost for the PAC-3 The United States is moving decisively to expand production of one of its most advanced air and missile defense interceptors: the PAC-3® Missile Segment Enhancement (MSE). A new seven-year framework will more than triple PAC-3 MSE production, giving the U.S. Army and allies the firepower they need to define the modern battlefield. That expansion sends a clear signal: America intends to stay ahead of emerging threats, not react to them. Scaling at Speed Over the past two years, Lockheed Martin has already increased PAC-3 production by…
The vessel experienced a devastating “laundry fire” during the US-Israeli attack on Iran and is now expected to undergo lengthy repairs The nuclear-powered USS Gerald R. Ford, the most advanced aircraft carrier in the United States Navy and the only vessel in its class, is presently anchored in Croatia’s port of Split for repairs and maintenance. Media reports have indicated the ship is there to stay, since repairs after a major “laundry fire” and prolonged deployment could take between 12 and 14 months.Delivered years behind schedule in May 2017, the Ford was by far the most expensive American warship ever…
Mexico’s Navy Secretariat (Semar) over the weekend announced that the two missing sailboats carrying “humanitarian aid” from Mexico to Cuba were found and have safely arrived in Havana. On Thursday, two sailboats holding nine people — including a three-year-old child — were declared missing at sea after they failed to arrive in Havana on time, prompting a search and rescue operation to find the missing boats and passengers. According to the BBC, the crew is composed of nationals of Poland, France, Cuba, and the United States. The two vessels were allegedly delivering “humanitarian aid” to Cuba as part of the “Nuestra America” convoy, a…
Spain has barred its skies and bases to American bombers after criticizing the Middle East campaign as illegal Spain has shut its airspace to aircraft linked to the US-Israeli war on Iran, deepening a rift with Washington over the month-long conflict sweeping the Middle East.On Monday, Spanish Defense Minister Margarita Robles said that aircraft taking part in operations against Iran will not be allowed to operate in Spanish airspace, including US jets based in other NATO countries such as the UK or France. Madrid had already barred the use of the jointly operated Rota and Moron de la Frontera bases…
The United Kingdom will not come to the aid of its allies the United States and Israel in Iran, no matter what pressure there is to join and no matter who asks, Prime Minister Sir Keir Starmer has said. The British Armed Forces will act to defend itself and British citizens in the Middle East but will never be “dragged in” to the war against Iran, Sir Keir Starmer said. The remarks came in Starmer’s speech launching his Labour party’s local elections campaign for the forthcoming May 7th votes. While geopolitics and foreign war discourse may not seem like traditional…
Federal Reserve Chair Jerome Powell said Monday the central bank is inclined to look past the energy shock from the war in Iran, noting that supply disruptions have historically been short-lived and that longer-term inflation expectations remain well anchored despite the conflict. Speaking to undergraduate economics students at Harvard University, Powell said the standard central-banking response to energy shocks is to wait them out rather than react with policy changes. He said that despite the sharp rise in oil prices since the outbreak of hostilities, the public’s expectations about inflation over the longer term appear to be “well anchored beyond…
Monday on ABC’s “Good Morning America,” Secretary of State Marco Rubio said he anticipated the United States would achieve its “objectives” against Iran in “a matter of weeks, not months.” “Let’s talk about the President’s comments overnight, talking about taking the oil on Kharg Island. How would he do this?” ABC host George Stephanopoulos said. “Why would he do this? Won’t it take ground troops?” Rubio replied, “Well, first of all, it’s important to remember the objectives of this operation from the very beginning. We were going to — we are destroying Iran’s navy. We are destroying their ability — their…
FCC Chief Brendan Carr Advances Plan to Reshore Call Centers to America Matthew Perdie/Breitbart News MOST POPULAR FROM THE HOMEPAGE Read the full article here
Nearly three-quarters of Germans are concerned that their country could not cope with another wave of illegal migrants from the Middle East amid the ongoing conflict in Iran. A survey from Forsa found that 73 per cent of people in Germany are concerned about the ability of their country to take in more migrants from Iran, with the country already playing host to the largest number of Iranians in Europe, with the diaspora in the country standing at around 319,000 people, broadcaster NTV reported. According to the poll, around 80 per cent of supporters of the centre-right Christian Democratic Union…