After raising rates as expected, Federal Reserve Chair Jerome Powell addressed the nation this week without referencing Ukraine nor the Pandemic as the cause of (price) inflation. Perhaps the start of a new year gave a reason for the change, or maybe he’s looking to start a new narrative soon. It’s difficult to determine as he continued in Fedspeak, avoiding real answers during the Q & A; that is, until he was pressed about the debt ceiling:

In contemporary America, the success of immigrants is celebrated as a source of American vitality. Indeed, immigration is frequently lauded by American elites as a tool to raise economic growth and living standards. Many marvel at the success of Indian and Nigerian Americans, who are superbly educated.