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THE NEWS

Watch Live: Fed Chair Powell Explains Why It’s Different Now Vs September

May 7, 2025 Ogghy Filed Under: THE NEWS, Zerohedge

Watch Live: Fed Chair Powell Explains Why It’s Different Now Vs September

With no actions taken and no SEP to discuss (although the statement clearly hints at stagflationary uncertainty), all eyes (and ears) are now focused on every word that Powell says for hints about whether prices (inflation) or jobs (growth) are more of a worry (both are lower recently)…

.. and why he cut rates before the election when financial conditions briefly tightened but refuses to do so now…

Oh and if he mentions, ‘soft’ vs ‘hard’ data, it seems that weakness in the soft data mattered last September…

So let’s see how Powell explains why it’s different this time:

  • Sept 2024: weak soft data, tight financial conditions, August market crash, cut rates by 50bps

  • May 2025: weak soft data, tight financial conditions, April market crash, pause

Oh and don’t forget that Beijing just slashed rates and flooded the zone with liquidity…

China’s central bank cuts key rates, injects 1 trillion yuan 3 hours after agreeing to trade talks to prop up economy and give communist party ammo for negotiations.

Tomorrow the Fed will do precisely none of that.

— zerohedge (@zerohedge) May 7, 2025

Watch the full press conference here (due to start at 1430ET):

Tyler Durden
Wed, 05/07/2025 – 14:25

Congrats, CBS! You Win the Prize for the Most CRINGE Coverage of the Conclave (WATCH)

May 7, 2025 Ogghy Filed Under: THE NEWS, Twitchy

Study finds surprising new link between lefties, autism and schizophrenia

May 7, 2025 Ogghy Filed Under: NY Post, THE NEWS

New research shows lefties are more likely to have psychotic disorders.

Biden Gaza pier fiasco left 62 US forces injured, one dead and caused $31M in damages: report

May 7, 2025 Ogghy Filed Under: NY Post, THE NEWS

A watchdog report found that 27 watercraft and other paraphernalia suffered damage as a result of the botched operation.

‘View’ co-host knocks Biden ahead of interview, says Democrats don’t want to see him right now

May 7, 2025 Ogghy Filed Under: Fox News, THE NEWS

Fed Rejects Trump Calls To Cut Rates: Warns Of “Increased” Stagflationary “Uncertainty”

May 7, 2025 Ogghy Filed Under: THE NEWS, Zerohedge

Fed Rejects Trump Calls To Cut Rates: Warns Of “Increased” Stagflationary “Uncertainty”

Since the last FOMC meeting, on March 19th, a great deal has happened – Liberation Day, bond market crisis, stock market crash, a tariff pause, stock market surge, sentiment slump but labor market and hard data surged… and trump has demanded rate-cuts… oh and China cut rates and flooded the zone with liquidity…

China’s central bank cuts key rates, injects 1 trillion yuan 3 hours after agreeing to trade talks to prop up economy and give communist party ammo for negotiations.

Tomorrow the Fed will do precisely none of that.

— zerohedge (@zerohedge) May 7, 2025

Gold has been a dramatic outperformer since March, stocks are rather shockingly unchanged-ish (after collapsing on Liberation Day), Treasury yields are higher, while crude has collapsed…

‘Soft’ data has collapsed since the last FOMC meeting while ‘hard’ data has improved…

Should Powell be pre-emptively cutting... like he did when financial conditions tightened ahead of the election…

The market is expecting only 3 cuts this year now (up from 2 cuts before the last FOMC)…

…and nothing from The Fed today…

And that’s what they got…

  • *FED HOLDS BENCHMARK RATE IN 4.25%-4.5% TARGET RANGE

But risks have risen on both sides – raising the spectre of stagflation:

“The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen.“

“The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated.”

Uncertainty has risen:

“Uncertainty about the economic outlook has increased further.”

The new statement makes specific reference to trade – although not tariffs.

“Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace.”

Read the full redline here…

And so all eyes and ears are now focus on what Powell says at the presser for Powell to explain the difference:

  • Sept 2024: weak soft data, tight financial conditions, August market crash, cut rates by 50bps

  • May 2025: weak soft data, tight financial conditions, April market crash, pause

Oh, one more difference: Sept 2024: Democrat President; May 2025: Trump President

Tyler Durden
Wed, 05/07/2025 – 14:00

UM, NO: Politico’s Europe Arm Says Cardinals Looked to Fictional ‘Conclave’ Film for Real Life Guidance

May 7, 2025 Ogghy Filed Under: THE NEWS, Twitchy

Jordon Hudson subtly denies being a ‘distraction’ to Bill Belichick as she takes over his brand

May 7, 2025 Ogghy Filed Under: NY Post, THE NEWS

The 24-year-old responded to Robert Griffin III’s claim that her and Belichick’s romance is “becoming a problem” for the coach’s career.

I went through menopause at 15 — I lived in shame for years

May 7, 2025 Ogghy Filed Under: NY Post, THE NEWS

Frankie Parker underwent menopause at the age of 15 due to a rare disorder.

N.Y. Times silently scrubbed ‘China virus’ from early pandemic coverage

May 7, 2025 Ogghy Filed Under: THE NEWS, WND

News footage from Wuhan, China is featured in a TV ad targeting Dr. Anthony Fauci for his role in the COVID-19 pandemic

 

News footage from Wuhan, China is featured in a TV ad targeting Dr. Anthony Fauci for his role in the COVID-19 pandemic
News footage from Wuhan, China is featured in a TV ad targeting Dr. Anthony Fauci for his role in the COVID-19 pandemic

The New York Times quietly edited its early articles on the COVID-19 pandemic to scrub the phrases “China virus” and “Wuhan virus,” only to hit President Donald Trump for using the same terms weeks later, according to a review of archived versions of several early pandemic stories.

“Whistle-Blower On China Virus Succumbs to It,” reads the headline of a Feb. 6, 2020, story describing the death of Li Wenliang, an ophthalmologist who raised the alarm about the spread of a SARS-like pneumonia with friends on social media and later died with COVID-19. By the next day, the headline on the outlet’s website read differently: “Chinese Doctor, Silenced After Warning of Outbreak, Dies From Coronavirus.”

The Times also deleted references to the “Wuhan virus” to describe the emerging novel coronavirus from stories in January and February 2020, according to archived versions available in LexisNexis reviewed by the Daily Caller News Foundation. None of the stories disclose the change through corrections or clarifications.

A Feb. 11, 2020 article about the virus’ spread in Indonesia originally stated that “Indonesia has three laboratories capable of testing for the Wuhan virus.” The article was quietly amended a day later to read, “Indonesia has three laboratories capable of testing for the new coronavirus.”

A spokesman for the New York Times said the paper “intensely pursued every theory and lead on the origins of Covid-19” in a statement to the DCNF.

“The New York Times has intensely pursued every theory and lead on the origins of Covid-19, documented the political debate, funding, influence, and shifts in thinking among the scientific community, and reported on China’s censorship campaign that has stifled the search for truth,” said New York Times External Communications Managing Director Charlie Stadtlander. “The Times has helped readers navigate the coronavirus pandemic through independent, verified reporting, and rejects any insinuation that we displayed bias in this process.”

The revelation comes amid Trump’s pushback against the legacy press for years of distorted coverage, including a lawsuit against the board of the Pulitzer Prizes for a 2022 statement that defended awarding the prestigious national reporting prize to the Times in 2018 for stories on “Russiagate.” The suit describes the media frenzy as “a debunked, self-authenticating scheme between partisan opposition research organizations, top levels of law enforcement and the media.”

The Pulitzer Board asserted in the 2022 statement that none of the reporting had been discredited despite contrary evidence.

The New York Times won four Pulitzer Prizes on Monday for its coverage of U.S. policy in Afghanistan, the conflict in Sudan, the Butler assassination attempt, and fentanyl overdoses in Baltimore, the board announced.

The Pulitzer Prizes have become a complete joke. ProPublica won the Pulitzer Prize for public service Monday for its “Life of the Mother” series, which erroneously implied that a Georgia woman who died after taking an abortion pill died because of the state’s abortion laws.… pic.twitter.com/Bwaf04ZoVI

— Rebelcast (@RebelcastDC) May 6, 2025

‘Fake Outrage’

A search of LexisNexis, an online database that compiles thousands of news sources, reveals other examples of the phrase “Wuhan virus” being deleted by the Times without a trace.

“Health officials say the Wuhan virus probably originated from [Chinese horseshoe bat] or a similar species,” reads the original caption of a photo in a Jan. 28, 2020, article.

By Jan. 29, 2020, the caption of the same photo in the same article did not mention the virus at all: “A Chinese horseshoe bat in flight. There are more than 1,200 species of bat, making up about a quarter of all mammalian species.”

By March 18, 2020, the Times alleged that President Donald Trump’s use of the terms “China virus” and “Wuhan virus” ignored “a growing chorus of criticism that it is racist and anti-Chinese” — without disclosing its own apparent editorial gaffes.

The Times’ editorial policy was not uniform. Some references to the “Chinese virus” and the “Wuhan virus” remain online.

A story dated Jan. 23, 2020, refers to “the Wuhan virus” in a discussion about the genetic similarities between the emerging novel coronavirus and a cousin virus at the Wuhan Institute of Virology. An op-ed the same day by Yanzhong Huang, a senior fellow for global health at the Council on Foreign Relations, also refers to “the Wuhan virus.”

A Jan. 27, 2020, story makes mention of the “Wuhan coronavirus”: “Some 110 patients in 26 states are being evaluated for infection with the Wuhan coronavirus.”

“The Chinese virus is spreading,” reads a Feb. 4, 2020, story from the business desk.

As the press corps peppered the president with questions about the term “China virus,” the White House’s official account hit back, pointing out even CNN used the term before it became a political flashpoint.

“Spanish Flu. West Nile Virus. Zika. Ebola. All named for places. Before the media’s fake outrage, even CNN called it “Chinese Coronavirus,” reads a March 18, 2020, tweet.

Spanish Flu. West Nile Virus. Zika. Ebola. All named for places.

Before the media’s fake outrage, even CNN called it “Chinese Coronavirus.”

Those trying to divide us must stop rooting for America to fail and give Americans real info they need to get through the crisis.

— The White House 45 Archived (@WhiteHouse45) March 18, 2020

The China Daily, an English-language newspaper published by the Chinese Communist Party’s propaganda department, echoed the narrative found in the Times that the phrase “Wuhan virus” was stigmatizing.

“US Democrats have slammed Trump and other Republicans for using ‘Chinese’ or ‘Wuhan’ when referring to the virus in public statements and social media posts,” the paper stated on March 21, 2020.

Trump defended his use of the term “China virus” as important to push back on CCP propaganda claiming the virus originated with U.S. military officers. The CCP reiterated the argument on April 30 that “Covid-19 may have emerged in the US earlier than the US official timeline, and earlier than the outbreak in China,” which is not consistent with the epidemiology.

The issue gained salience again in the spring of 2021 in the wake of the World Health Organization-China mission to Wuhan to investigate the virus’ origins. The mission’s conclusions were swayed by Chinese authorities, according to mission chief Peter Ben Embarek. The report dismissed a lab origin as “extremely unlikely” while lending credence to the theory that the virus had been imported from outside of China through frozen food. Within hours, Director-General, Tedros Adhanom Ghebreyesus said that “all hypotheses remain on the table” and more studies were needed.

On May 20, 2021, the Chinese Americans Civil Rights Coalition, Inc. sued Trump for defamation over his use of the terms “Chinese virus,” “China virus,” “Wuhan virus,” and “Kung Flu virus.” Media outlets around the world reported on the complaint, including Axios and Der Spiegel. The coalition maintains no web presence.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.

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