National Politics

WB: Child Dies After Being Hit By TMC Leader’s Car In Murshidabad, BJP Demands Investigation

Dies

A child died after being hit by Trinamool Congress leader Abu Taher Khan’s car, according to an official on Wednesday.

Murshidabad:  A child died after being hit by Trinamool Congress leader Abu Taher Khan’s car, according to an official on Wednesday.

Amiya Kumar Bera, Medical Superintendent, at Murshidabad Hospital confirmed the death of the child.

However, the TMC leader claimed that the child’s mother didn’t keep a watch on him while he ran across the road due to which the accident took place.

Also Read: “Congress Has Lost Ground, Doesn’t Have Mass Base”: Gujarat BJP OBC Leader Alpesh Thakor

“The child’s mother didn’t keep watch and the child was running across the road when the accident happened,” Khan said.

The BJP demanded an investigation into the incident.

“A child lost his life after being hit by TMC MP Abu Taher’s car in Murshidabad. This should be investigated!” the BJP Bengal tweeted.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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International Politics

“More Comfortable Stepping Down Size Of Rate Hike,” Says US Fed Governor

ANI
US Fed Governor

After having raised key interest rates by 75 basis points at four straight monetary policy meetings, US Federal Reserve Governor Christopher J Waller has given hints that it would consider a small size hike in their upcoming meeting.

Washington:  After having raised key interest rates by 75 basis points at four straight monetary policy meetings, US Federal Reserve Governor Christopher J Waller has given hints that it would consider a small size hike in their upcoming meeting.

Speaking at the 59th Annual Economic Forecast Luncheon, Phoenix, Arizona on Wednesday, Governor Waller said the data of the past few weeks have made him “more comfortable” considering stepping down to a 50-basis-point hike in the upcoming policy meet. “But I won’t be making a judgement about that until I see more data, including the next PCE inflation report and the next jobs report,” Waller added.

“If the FOMC were to step down to a 50-basis-point increase, it is important to remember that this would still be a very significant tightening action–in other words, just pulling back on the rate of ascent a little bit.”

Waller added the federal funds rate can still be increased quite rapidly with several 50-basis-point increasesa pretty aggressive path for policy.

In nine months, US Fed has raised the target range for the federal funds rate from near zero to 3.75 to 4 per cent. Raising interest rates is a monetary policy instrument that typically helps suppress demand in the economy, thereby helping the inflation rate decline.

Also Read:  “Congress Has Lost Ground, Doesn’t Have Mass Base”: Gujarat BJP OBC Leader Alpesh Thakor

Inflation in the US remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.

“Despite these actions, I believe that policy is barely in restrictive territory today, so more interest rate hikes are needed to get inflation down,” Waller said.

The US central bank’s aim has been to achieve maximum employment and inflation at the rate of 2 per cent over the long run.

Consumer inflation in the US declined in October to 7.7 per cent from 8.2 per cent the previous month but is way above the 2 per cent goal.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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