Skip to main content

Featured

Italy Advances Tougher Measures on Migrant Arrivals

ILE PHOTO: Italian Prime Minister Giorgia Meloni attends a bilateral meeting with U.S. Vice President JD Vance (not pictured), during his visit to the Milano Cortina 2026 Winter Olympics in Milan, Italy, February 6, 2026.  Italy’s government has approved a new migration bill that would grant authorities the power to impose temporary naval blockades during periods of intense pressure on the country’s borders. The proposal, backed by Prime Minister Giorgia Meloni, is designed to curb irregular sea crossings by restricting access to Italian territorial waters. The draft law would allow officials to bar vessels from entering for up to 30 days, with the option to extend the measure to six months if national security or public order is deemed at risk. The plan also strengthens border surveillance, increases penalties for human smuggling, and expands the list of offenses that can lead to deportation. Supporters argue the move is necessary to manage migration flows more effectively, whi...
Post a Comment
Read more

article

Labels

Fed’s Miran Defends Independence After Lone Push for Bigger Rate Cut

 

                                           Stephen Miran 

U.S. Federal Reserve Governor Stephen Miran has pledged to lay out a detailed case for his call for aggressive interest rate cuts, insisting his stance is based solely on his own economic analysis — not political influence from President Donald Trump.

Miran, sworn in just an hour before this week’s policy meeting, was the only official to back a 50-basis-point cut, compared to the quarter-point reduction approved by the majority. He argues that rates should be lowered by more than a full percentage point by year-end, citing minimal inflation risk and potential housing cost declines from tighter immigration policies.

Rejecting speculation of White House pressure, Miran said his only pre-meeting conversation with Trump was a congratulatory call. “I will do independent analysis based on my interpretation of the data,” he told CNBC, promising to present the “economics and arithmetic” behind his view in a speech Monday.

His position contrasts with the Fed’s consensus for a gradual easing path, as policymakers weigh a weakening job market against inflation still above the 2% target.



Labels:

Comments

Post a Comment