US Federal Reserve announces three-quarter-point interest rate increase to cool inflation – as it happened
by Richard Luscombe from on (#61VRQ)
- Fed increases interest rates as expected while US economy teeters on edge of recession
- Sign up to receive First Thing - our daily briefing by email
On Tuesday, the day Mike Pence and Donald Trump both spoke in Washington, a former member of their administration poured scorn on Pence's attempt to portray himself as a potential Republican presidential nominee, and competitor to Trump, in 2024.
Speaking on CNN, Miles Taylor said: If you want to know what the Mike Pence vice-presidency was like, Mike Pence is a guy with an erect posture and flaccid conscience. He stood up tall but he did not stand up to Donald Trump."