Picking RFK Jr as health secretary is ‘courting catastrophe’, says rights group – live updates

Kennedy requires Senate confirmation and could spark controversy among Republicans; Trump lawyer announced as deputy attorney generalFull report: Trump nominates RFK Jr as health secretaryWho is RFK Jr and what might his top priorities be?An independent central bank is “fundamental” to getting good economic outcomes, a senior Federal Reserve official said on Thursday, reports Agence France-Presse (AFP).The Fed has a dual mandate from Congress to act independently to tackle both inflation and unemployment – primarily by raising and lowering interest rates. Anything that undermines the Fed’s independence could spook traders in the financial markets, who might come to question if it could effectively tackle inflation over the longer term. Continue reading...

Picking RFK Jr as health secretary is ‘courting catastrophe’, says rights group – live updates

Kennedy requires Senate confirmation and could spark controversy among Republicans; Trump lawyer announced as deputy attorney general

An independent central bank is “fundamental” to getting good economic outcomes, a senior Federal Reserve official said on Thursday, reports Agence France-Presse (AFP).

The Fed has a dual mandate from Congress to act independently to tackle both inflation and unemployment – primarily by raising and lowering interest rates. Anything that undermines the Fed’s independence could spook traders in the financial markets, who might come to question if it could effectively tackle inflation over the longer term. Continue reading...