Today in News History
On June 18, several notable moments in the history of News stand out. In 1740, Sir William Wyndham, 3rd Baronet, English politician, Chancellor of the Exchequer (born 1687) passed away. In 1832, William Crookes, English chemist and physicist (died 1919) was born. In 1932, Bonus Army: Around a thousand World War I veterans amass at the United States Capitol as the U.S. Senate considers a bill that would give them certain benefits. In 1940, George Akerlof, American economist and academic, Nobel Prize laureate was born. In 1941, Nicholas C. Handy, English chemist and academic (died 2012) was born. In 1942, Roger Steffens, American actor and producer was born. In 1943, Newt Gingrich, American historian and politician, 58th Speaker of the United States House of Representatives was born. In 1949, John Craven, English economist and academic was born. In 1967, Nuclear weapons testing: China announces a successful test of its first thermonuclear weapon. In 1971, U.S. President Richard Nixon in a televised press conference called drug abuse "America's public enemy number one", starting the War on drugs. Together, these milestones provide historical context for today's news news and ongoing narratives.
Fed Holds Rates Steady at Warsh’s First Meeting

The Federal Reserve held interest rates steady and officials readied for higher borrowing costs, as inflation fears dominated Kevin M. Warsh’s first meeting as chairman of the central bank. The decision on Wednesday to maintain rates at a range of 3.5 percent to 3.75 percent for a fourth-straight meeting was supported by all 12 members []
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