News chronological

Showing 10 items since 1114669

AXIOS (Holly Otterbein) - Graham Platner says he's "suspending" Maine Senate bid

Maine Democrat Graham Platner announced Wednesday that he is "suspending campaign operations" for his Senate bid. - Platner indicated that he intends to withdraw from the race — but said the process to replace him "needs to be driven not from back rooms, but by the will of the people." Why it matters: His apparent departure — following a sexual assault allegation that he denies — leaves Democrats in chaos. Maine is one of the most critical midterm races in the country, complicating their already difficult path to retake the Senate. Driving the news: "We are suspending campaign operations," Platner said Wednesday night in a video posted on X . - Democrats have until July 27 to replace Platner with another candidate on the ballot…

Maine Democrat Graham Platner announced Wednesday that he is "suspending campaign operations" for his Senate bid. - Platner indicated that he intends to withdraw from the race — but said the process to replace him "needs to be driven not from back rooms, but by the will of the people." Why it matters: His apparent departure — following a sexual assault allegation that he denies — leaves Democrats in chaos. Maine is one of the most critical midterm races in the country, complicating their already difficult path to retake the Senate. Driving the news: "We are suspending campaign operations," Platner said Wednesday night in a video posted on X . - Democrats have until July 27 to replace Platner with another candidate on the ballot…Open

AXIOS (Neil Irwin) - Fed saw "upside risks" to inflation, disagreed on rate path

Federal Reserve officials saw a wide range of scenarios for how the economy and inflation will evolve at their meeting last month, leaving the central bank's policy committee divided over the path for interest rates ahead, according to minutes released Wednesday. Why it matters: In Kevin Warsh's first meeting as Fed chairman, he wrestled with significant factions of the Federal Open Market Committee who see ongoing price pressures from the AI buildout as well as one that is more confident that falling energy prices will calm inflation. - The minutes , released after the customary three-week lag, show that all members of the policy committee were ultimately on board with leaving rates unchanged last month. - The document, however, gives…

Federal Reserve officials saw a wide range of scenarios for how the economy and inflation will evolve at their meeting last month, leaving the central bank's policy committee divided over the path for interest rates ahead, according to minutes released Wednesday. Why it matters: In Kevin Warsh's first meeting as Fed chairman, he wrestled with significant factions of the Federal Open Market Committee who see ongoing price pressures from the AI buildout as well as one that is more confident that falling energy prices will calm inflation. - The minutes , released after the customary three-week lag, show that all members of the policy committee were ultimately on board with leaving rates unchanged last month. - The document, however, gives…Open