Fed seminar concludes after Powell’s harsh speech
Economists from around the world concluded Saturday the annual Federal Reserve Economic Symposium sponsored by the Federal Reserve in Kansas City. They will follow US Federal Reserve Chairman Jerome Powell’s high-level address on inflation problems by addressing the outlook for global financial policies in the post-COVID pandemic era. In his remarks, Powell said the Fed is committed to bringing inflation back to its 2% target, which means interest rates will continue to rise. But how much will depend on the data received, he said. “These are the unfortunate costs of lowering inflation,” Powell said in Jackson Hole, Wyoming. “But failure to restore price stability will mean much more pain.” Stocks tumbled after his comments, with the Dow Jones Industrial Average closing 1,008 points, or 3%, down.
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Southern Democrats seek to keep pressure on Republicans at events
Charlie Crist, the Florida Democrat who won the primary this week and is challenging Republican Governor Ron DeSantis, is expected to name the president of the Southeast’s largest teachers’ union as the running mate’s candidate at Saturday’s event. Carla Hernandez-Mats, president of United Teachers of Dade, will be introduced by Krist as his vice-president at Hialeah Middle School, where she was named Teacher of the Year in 2010. A source told the Palm Beach Post, part of the USA TODAY network, that Hernandez-Mats was chosen not only To promote education issues. She will also be asked to move forward in advocating for abortion rights, voting access, and LBGTQ rights during the campaign. Georgia’s top Democrats will gather at their convention in Columbus on Saturday with plans to not only pitch their candidates, including Gov. contender Stacey Abrams and Senator Raphael Warnock to top the list for the first time, but capitalize on President Joe Biden’s recent policy wins and highlight the Republican Party. “extremist”.
Little League World Series is gearing up to crown a new champion after the US World Finals
Hawaii and Tennessee prepare for a second game Saturday to determine who will represent the United States at the Little League World Series Championships in South Williamsport, Pennsylvania (3:30 p.m. EST, ABC). The Honolulu team was a juggernaut in the tournament, outperforming its opponents 42-1. Three of Hawaii’s four matches were won through the Mercy Rule, so they only played one full match. The Western Region winner, who finished third in last year’s event and won it in 2018, beat five teammates in a 13-0 win over Tennessee earlier this week. In the international group, Taiwan will play Curaçao on Saturday (12:30 p.m. ET, ABC). Taiwan has not lost a match in the tournament so far. Meanwhile, after an early loss, Curacao needed to win four games in a row to reach the final. The winners of Saturday’s games will face off on Sunday for the title (3pm EST, ABC). As always, the Little League World Series brought out great moments from great young players that make it fun to watch every year.
Not 1 host, but 3 hosts: Rap stars set to anchor MTV Video Music Awards
The MTV Video Music Awards take place Sunday night in Newark, New Jersey, (8pm EST/PT, multiple networks) and will have three hosts such as rap stars LL Cool J, Nicki Minaj and Jack Harlow. . In addition to hosting, Harlow is tied for the most nominations this year with seven nominations. This includes Artist of the Year and Video of the Year. Kendrick Lamar – nominated for the first time since 2018 – and Lil Nas X also have seven titles. Harry Styles and Doga Cat received the second most nominations with six nominations. Sheeran, Billie Eilish, Drake, Dua Lipa, Taylor Swift and The Weeknd each scored five points. Harlow, Lil Nas X, Drake, Bad Bunny, Ed Sheeran, Styles and Lizzo will compete for Artist of the Year. Minaj will also receive the Michael Jackson Video Vanguard Award this year, joining previous winning music stars like Madonna, Janet Jackson, Jennifer Lopez and Missy Elliott. Fellow host LL Cool J also won this award in 1997.
College football kicks off. . . in Ireland? It’s part of “week 0”
Week 0 can be a confusing phrase if you’re hearing it for the first time. But the term is fairly well known among college football enthusiasts. For most schools across the country, the start of the season arrives on Labor Day weekend, traditional week 1. But in recent years, a few contests have been scheduled for the previous weekend. This initial launch date became known as Week 0, and it has arrived. Heading into the headlines on Saturday is the Big Ten West meet outside in Dublin, between Nebraska and Northwestern (12:30 p.m. ET, FOX). While neither the Cornhuskers nor the Wildcats are expected to compete for the league title, it is, nonetheless, an important game for both shows after sub-seasons.
Contributing: The Associated Press
