BRACE FOR ECONOMIC IMPACT: Federal Reserve Chairman Jerome Powell warned at a news conference yesterday that a recession will become more likely, as the Fed is forced to continue hiking core interest rates in an attempt to tame inflation, adding that the central bank will probably need to see rising unemployment before it begins to lower interest rates again. Read more.
SPECIAL MASTER WANTS ANSWERS: Federal district court judge Raymond Dearie, the “special master” appointed to screen documents seized by the FBI from Donald Trump’s private residence for privileged information, yesterday asked Trump’s lawyers to make an official declaration as to whether they believe the FBI has lied about the nature of the recovered documents. Read more.
