Federal Reserve chairman Jerome Powell admitted that President Biden’s administration has failed to shrink inflation, years after Biden declared it a “top priority.” Powell made the comments during an address at a U.S.-Canada policy forum on Tuesday. He indicated that the Fed is unlikely to shift its interest rates until the inflation rate shrinks further. “More recent data shows solid growth and continued strength in the labor market,...

Alabama voters decided primary runoffs on Tuesday for the state’s newly redrawn 2nd Congressional District, setting up a potentially historic November race that could play a part in the battle for control of the U.S. House of Representatives. Shomari Figures, a former top aide to U.S. Attorney General Merrick Garland, defeated state House Minority Leader Anthony Daniels to win the Democratic nomination. Attorney and political newcomer Caroleene Dobson...