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Economy

VP Harris reportedly working on economic strategy for Central America, has yet to visit the Southern border

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Vice President Harris is set to meet with the heads of 12 companies Thursday to encourage economic opportunity, and hopefully lower immigration to the U.S. A White House official spoke to Reuters on the details of the meeting.

According to the reported anonymous source, some companies have already made commitments. Microsoft agreed to provide internet access to three million more people in the Northern Triangle by July 2022. Nespresso will buy at least $150 million worth of its coffee from El Salvador and Honduras by 2025. Mastercard will provide banking services to five million people who previously had no access to financial institutions. Also, the banking company will give electronic banking access to one million micro and small businesses.

Chobani has agreed to bring its incubator program for Guatemalan entrepreneurs. It’s a program that trains small business owners in the food business. Up until now, it’s only been available in the U.S. and Australia.

This meeting comes months since Harris was appointed as border czar. She has yet to visit the southern border herself.

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You can follow Jenny Goldsberry on Twitter @jennyjournalism

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Economy

Federal Reserve Economist on hidden camera: ‘we don’t want Trump to be in the government’

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Hidden Camera captures Principal Economist at the Federal Reserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” According to hidden camera footage of Aurel Hizmo, principal economist at the Federal Reserve, the U.S. agency could have fixed inflation a while ago but refused to do so for fear of hurting President Joe Biden’s re-election efforts.

Hizmo told an undercover reporter that the Fed stopped raising the rates to tackle inflation because it could cause a recession that would likely end Biden’s 2024 campaign.

The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for desired social outcomes. “Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change.” Aurel Hizmo, Principal Economist at the Federal Reserve, who prior to working at the Fed was an Assistant Professor helps write speeches for Federal Reserve Board Chair Jerome Powell for the Federal Open Market Committee.

Hizmo says “Trump is just a crazy person” and conservatives are “dumb” as he describes to OMG’s American Swiper Citizen Journalist a politicized Federal Reserve Board where Powell has promoted ESG issues like climate change and “wants to be remembered in history” “as a savior.” But shhh…don’t tell anyone because Hizmo says: “I’m just really worried that I’m saying stuff that’s classified…It’s all classified.”

 

 

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