Today in News History
On June 18, several notable moments in the history of News stand out. In 1497, Battle of Deptford Bridge: Forces under King Henry VII defeat troops led by Michael An Gof. In 1839, Lord William Bentinck, English general and politician, 14th Governor-General of India (born 1774) passed away. In 1947, Timothy Wright, American gospel singer, pastor (died 2009) was born. In 1949, John Craven, English economist and academic was born. In 1953, Vernon Coaker, English educator and politician, Shadow Secretary of State for Defence was born. In 1963, The United States Supreme Court rules 8-1 in Abington School District v. Schempp against requiring the reciting of Bible verses and the Lord's Prayer in public schools. In 1969, Paul Tergat, Kenyan runner was born. In 1992, A "joint understanding" agreement on arms reduction is signed by U.S. President George Bush and Russian President Boris Yeltsin (this would be later codified in START II). In 2013, Pierre F. Côté, Canadian lawyer and civil servant (born 1927) passed away. In 2021, Juneteenth National Independence Day, was signed into law by President Joe Biden, to become the first federal holiday established since Martin Luther King Jr. Day in 1983. Together, these milestones provide historical context for today's news news and ongoing narratives.
New chief Kevin Warsh says forward guidance dropped at Federal Reserve
New Federal Reserve Chair Kevin Warsh said Wednesday the central bank will move away from forecasting its future action under his leadership. In announcing its decision to hold interest rates steady, the Federal Open Market Committee (FOMC) opted not to include forward guidance. The panel typically provides information about the “likely future course of monetary policy.” “We've dropped...
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