The Federal Reserve this week signaled an interest rate hike is coming in March to combat inflation. CEI Senior Fellow Ryan Young believes the Fed needs to act more quickly and points to other tools the Fed, Congress, and the Biden administration should use to lower inflation and help the economy. Statement by Ryan Young: … Continue reading Federal Reserve Signals Interest Rate Hike to Fight Inflation
U.S. Senator John Barrasso (R-WY), ranking member of the Senate Committee on Energy and Natural Resources (ENR), issued the following statement in response to the Department of the Interior canceling the Twin Metals hardrock mineral leases. “The Biden administration’s assault on American mining and natural resource development continues,” said Barrasso. “Biden’s decision to cancel mining … Continue reading Barrasso: Biden’s Assault on American Mining & Natural Resource Development Continues
Congressman Chip Roy (TX-21) sent a letter to President Biden Tuesday in opposition to a recent executive order that forces the federal government to adopt radical environmental policies that harm our domestic energy producers and bolster our enemies. “This order poses serious threats to the reliability of our electrical grid and will empower our enemies at … Continue reading Chip Roy pushes for American energy independence as Biden EO further empowers China
Sen. John Kennedy (R-La.) joined Sen. Shelley Moore Capito (R-W.Va.) in pushing Environmental Protection Agency (EPA) Administrator Michael Regan to reconsider two proposed actions that would hurt small refineries in Louisiana and raise gas prices for Louisiana consumers. The EPA’s Renewable Fuel Standard (RFS) program requires petroleum-based transportation fuel, heating oil and jet fuel to … Continue reading Senators push back on EPA scheme to hurt small refineries, raise gas prices
U.S. Sen. Ted Cruz (R-Texas) sent a letter to the U.S. Food and Drug Administration (FDA) demanding answers after the agency decided to limit the use of monoclonal antibody treatments this week. In the letter, the Senator asks: Identify who specifically decided to limit the use of these monoclonal antibodies to treat COVID-19.What was the … Continue reading Ted Cruz Demands Answers From The FDA For Limiting Monoclonal Antibody Treatments
The National Right to Work Legal Defense Foundation issued a special legal notice for workers affected by a strike at the King Soopers grocery chain in Colorado ordered by United Food and Commercial Workers (UFCW) union officials. According to news reports, the UFCW has struck against King Soopers grocery stores for over a week, impacting … Continue reading National Right to Work Foundation Issues Special Legal Notice for Colorado Grocery Workers Impacted by UFCW Strike
St. Vincent Hospital nurse Regina Renaud has hit the Massachusetts Nurses Association (MNA) union at the facility with federal charges, asserting that union officials are illegally demanding nurses pay union dues for time periods when there was no contract in effect between the hospital and union. Renaud filed the charges at the National Labor Relations … Continue reading St. Vincent Hospital Nurse Hits MNA Union with Federal Charges for Illegal Union Dues Demands
Joe Biden’s disastrous year of failure is dragging down Democrat Senate candidates and the blame game is starting. Democrat members and campaign operatives spoke to CNN about the White House’s lack of support for Democrat Congressional candidates. And they didn’t pull any punches. Here are the highlights: DSCC Chairman Gary Peters (D-MI) can’t get a meeting with … Continue reading ‘Grumpy’ Democrats Say Biden Leaves Them Hanging
The Senate Judiciary Committee marked up The American Innovation and Choice Online Act (S. 2992) last week, a bill co-sponsored by Senators Amy Klobuchar (D-MN) and Chuck Grassley (R-IA). If passed into law, the proposal would hurt U.S. consumers by outlawing popular services from large technology companies and concentrate even more power at the Federal … Continue reading Senate antitrust bill denies consumers popular services from tech platforms
The US Federal Reserve published a discussion paper on central bank digital currencies or CBDCs, signaling policymakers’ ambitions to start one. CEI expert Paul Jossey, author of a forthcoming report on CBDCs, explains why this is a terrible idea: “Today the Federal Reserve published a discussion paper and asked for public comment about a possible … Continue reading Federal Reserve scheme for central digital currency poses big risk to US economy
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