Money and Computing

"Survivors and experts highlighted the offline impact of online abuse, ranging from psychological distress and additional negative health impacts, to self-censorship, disruptions to education and economic loss, as well as experiences of other forms of physical and sexual violence. Participants noted that online harassment and abuse disproportionately impacts women, girls – especially women and girls of color – and LGBTQI+ individuals. Participants also provided concrete recommendations to prevent and respond to online harms." more »

"So, it should not have been a surprise that the policy rate would rise fast in 2022. Rate hikes would need to be larger and more frequent, relative to the 2015-2018 tightening pace, to get back to neutral. Looking back, should the Committee have signaled a steeper rate path once the liftoff criteria had been met? Perhaps another lesson is that giving forward guidance about liftoff should also include forward guidance about the possible path of the policy rate after liftoff." more »

For the first time since the Watergate scandal broke nearly 50 years ago, the paper records, exhibits, and artifacts from the United States v. G. Gordon Liddy trial are digitized and available to view in the National Archives Catalog. A new website serves as a portal to browse the newly digitized records as the country marks the 50th anniversary of the break-in on June 17, 1972, an event that rocked the U.S. political landscape and led to the resignation of President Richard Nixon. Among the records are images of screwdrivers, lockpicks, business cards, surgical gloves, a room key for the Watergate, and the now-infamous ChapStick microphone. more »

"Overall economic activity appears to have picked up after edging down in the first quarter. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures..." "The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 1‑1/2 to 1-3/4 percent and anticipates that ongoing increases in the target range will be appropriate. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in the Plans for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in May. The Committee is strongly committed to returning inflation to its 2 percent objective."      more »