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Breitbart Business Digest: Good News Is Bad News in Biden's Economy
As is so often the case with Bidenomics, even good news is bad news because of the upward inflationary pressure.
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Joe Biden Gets Bad News Right Before Speech
President Joe Biden received bad news on the economy just before his visit to Scranton, Pennsylvania, on Tuesday.Federal Reserve Chairman Jerome Powell said that inflation has struggled to progress towards the central bank's target band and that policymakers need more "confidence" that inflation was cooling before they can lower interest rates. A delay in rate cuts could be a blow to Biden as it suggests that borrowing costs are likely to stay higher for longer, stifling areas of the economy...
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Good news for beachgoers as Culdaff beach boardwalk repairs get underway
The news was confirmed by Donegal County Councillor Johnny McGuinness, who added that a ‘track machine and engineers are also working on the concrete pathway entrance to make it safe also’. Colr McGuinness thanked Donegal County Council’s Environment section ‘for facilitating the works and for the co-operation over the last two months to find a long term solution going forward.’ The Fine Gael councillor said he ‘will be pushing’ for the reallocation of 50,000 euro that he had ‘secured last year...