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  View in browser   BY  BEN WHITE Presented by Visa Federal Reserve Board Chairman Jerome Powell. | Samuel Corum/Getty Images HIKE AND HOPE  — Chair Jerome Powell and his Federal Reserve colleagues did exactly as everyone expected they would this week:  jack up interest rates  by three-quarters of a point for the third time in a row and a total of 3 percent worth of hikes this year.  What happens now is completely unknown.  Want to know how unknown? Just  look at the scattershot market reaction  to the Fed’s official statement and Powell’s subsequent press conference. It’s all over the place. Both stocks and bonds suffered today as central banks around the world followed the Fed in tightening policy, raising the risk of a global slowdown. While nobody knows what’s going to happen with the U.S. economy,  one pretty decent guess is it winds up in recession sometime next year , just in time for the 2024 presidential campaign kickoff fe...

  21 September 22 Live on the homepage now! Reader Supported News IF YOU ARE AN ACTIVE DONOR, PUT ON YOUR HARD HAT — We are going to have to seriously turn up the heat if we are to have any chance making our budget for February. While you may be an active donor, we apparently have a whole bunch of people are not and keep coming anyway. So be strong and let us do what we have to do. Marc Ash • Founder, Reader Supported News Sure, I'll make a donation!   Edward Snowden | America's Open Wound: The CIA Is Not Your Friend Edward Snowden, Continuing Ed Snowden writes: "Democracy and the rule of law have been so frequently invoked as a part of the American political brand that we simply take it for granted that we enjoy both." “Better that right counsels be known to enemies than that the evil secrets of tyrants should be concealed from the citizens. They who can treat secretly of the affairs of a nation have it absolutely under their authority; and as they plot against the e...