Powell: Global economy is in a ‘new world’

“The last 10 years were, so far, the height of the disinflationary forces that we’ve faced, and really it goes back to before the global financial crisis, but since the global financial crisis, we’ve had very low inflation in the United States,” Powell said at a central banking forum in Portugal. “That world seems to be gone now, at least for the time being.

“We’re living with different forces now and have to have to think about monetary policy in a very different way,” Powell said. “So I think if you want to know the lessons to be learned over the last 10 years, look at our framework — those were all based on the low-inflation environment that we had, and now we’re in this new world where it’s quite different with higher inflation, many supply shocks and strong inflationary forces around the world. It’s quite a different environment.”

https://thehill.com/policy/finance/3541511-powell-global-economy-is-in-a-new-world/

AP-NORC poll: Growing majority in US say nation is on wrong track, including 78% of Democrats, as economy plagues Biden.

https://twitter.com/ZekeJMiller/status/1542192269687771138

Ratings show Fox News viewers tuning out Jan. 6 hearings

During two daytime hearings last week, Fox averaged 727,000 viewers, the Nielsen company said. That compares to the 3.09 million who watched the hearings on MSNBC and the 2.21 million tuned in to CNN.

It completely flips the typical viewing pattern for the news networks. During weekdays when the hearings are not taking place, Fox News Channel routinely has more viewers than the other two networks combined, Nielsen said.

https://apnews.com/article/jan-6-hearings-fox-news-ratings-c898174e44e9a2e342c87ed084c9f699?taid=62bc71e0f8ab3500015e7f3d&utm_campaign=TrueAnthem&utm_medium=AP&utm_source=Twitter