WASHINGTON (AP) — Chair Jerome Powell indicated that the Federal Reserve will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate 14 months ago to fight high inflation.
In signaling so, Powell provided some clarity about the Fed’s likely next policy move after a cacophony of speeches this week by central bank officials had clouded the picture.
“Having come this far, we can afford to look at the data and the evolving outlook and make careful assessments,” Powell said, referring to the Fed’s 10 straight rate hikes.
AUSTIN, Texas (AP) — Families in Uvalde, Texas, are digging in for a new test of legal protections for the gun industry as they mark one year since the Robb Elementary School shooting. Both the U.S. government and gun manufacturers in recent years have reached large settlements following some of the nation’s worst mass shootings.
“Mainly what we are looking for is some sort of justice,” said Christina Zamora, the mother of Mayah Zamora who was shot and wounded that day.
Gun control supporters say other cases have created roadmaps for victims and relatives to sue. But high hurdles remain for lawsuits to succeed. Tennessee Gov. Bill Lee signed a bill this week that further shields gun manufacturers, which are already largely protected from lawsuits under federal laws.