NTD Evening News (March 22): Trump Indictment Vote Delayed, Grand Jury Meeting Canceled; Fed Hikes Rate Again Despite Bank Failures
A potential indictment of former President Donald Trump was delayed on March 22 after the grand jury in New York investigating the Stormy Daniels hush money case was reportedly told not to meet and to be on standby for Thursday. The reason for the adjournment is unclear. Meanwhile, Republican lawmakers gave their reactions to the case.
The Federal Reserve raised interest rates by 25 basis points, lifting the benchmark federal funds rate to a range of 4.75–5.0 percent, the highest since late 2007. This is the ninth consecutive rate increase by the Fed in the past year to combat inflation. Fed officials say that the banking system is “sound and resilient.”…