Comment on Trump’s victory casts a shadow over the Federal Reserve

More than 1,500 people charged with or convicted of crimes related to the January 6, 2021, attack on Congress are now presumably hoping to win pardons and commutations that the now president-elect has repeatedly, if vaguely, promised to give many of them. And they aren’t alone. Numerous people convicted since 2020 of federal crimes in prosecutions they claim were politically motivated seem to be positioning themselves to seek clemency when Donald Trump takes office in January. On the campaign trail, Trump—who doled out various pardons to political allies ruing his first term—made frequent, though somewhat qualified, pledges to offer clemency to January 6 attackers.

Kamala Harris conceded the presidential election to Donald Trump Wednesday afternoon in a speech at Howard University. Addressing a crowd of sometimes tearful supporters, Harris emphasized the need to accept Trump’s victory but continue “the fight for our country.” “While I concede this election, I do not concede the fight that fueled this campaign,” she said. In her concession speech, Vice President Kamala Harris urged her supporters to accept her election loss against President-elect Donald Trump.

Inside a museum in Oakland, not far from where Kamala Harris launched her first bid for the presidency back in 2019, Lateefah Simon, a Democrat whom Harris mentored, declared victory in her congressional race on Tuesday night. Early ballot returns showed her with 63 percent of the vote, though results were still coming in Wednesday morning. Simon is regarded as “a rising star within Bay Area politics and the Democratic Party,” and Oaklanders tried to celebrate her win as a bright spot while television screens around the room showed Donald Trump claiming more and more electoral votes.

The city of Amarillo, in the Texas Panhandle, has emerged as one of the strongholds of the anti-abortion movement in that state and around the country, not least because its sole federal judge, a far-right Trump appointee, has been so willing to rubber-stamp conservative challenges to reproductive health options like the abortion pill and birth control for minors.

On Wednesday morning, some of Trump’s favorite fans finally felt comfortable joking about what the next president has long denied: Project 2025 has always been the plan for a second Trump term. “Now that the election is over I think we can finally say that yeah actually Project 2025 is the agenda.

Amara Omeokwe | (TNS) Bloomberg News Donald Trump’s victory in Tuesday’s presidential contest injects deep uncertainties into the U. S. economic outlook that could alter the Federal Reserve’s policy calculus in the months ahead, while renewing questions about how fiercely he might pressure the central bank during his second term in the White House. In his campaign, Trump promised to wield tariffs more aggressively against U.