Powell praises economy; Disney’s suit against DeSantis tossed

“This is a good economy,” Jerome Powell, the chairman of the Federal Reserve, said at a press conference after announcing that the central bank would hold high interest rates steady for now. His statement—if not the decision—was surely welcomed by the Biden administration. For months America’s economic data have been consistently strong, but the vibes are off, which has Joe Biden’s re-election campaign worried.