Russian President Vladimir Putin addressees the nation in Moscow, Russia, Thursday, Feb. 24, 2022. Russian troops launched their anticipated attack on Ukraine on Thursday. (Russian Presidential Press Service via AP)
Live news updates: US President Joe Biden on Wednesday called Russian President Vladimir Putin a war criminal as the atrocities in Ukraine mount and the president there begged the US Congress for more help.
“He’s a war criminal,” the president said of Putin as he left an unrelated event. It’s the sharpest condemnation yet of Putin and Russian actions by a US official since the invasion of Ukraine. While other world leaders have used the words, the White House had been hesitant to declare Putin’s actions those of a war criminal, saying it was a legal term that required research.
The Federal Reserve raised interest rates by a quarter percentage point and signaled hikes at all six remaining meetings this year, launching a campaign to tackle the fastest inflation in four decades even as risks to economic growth mount.
Policy makers led by Chair Jerome Powell voted 8-1 to lift their key rate to a target range of 0.25% to 0.5%, the first increase since 2018, after two years of holding borrowing costs near zero to insulate the economy from the pandemic. St. Louis Fed President James Bullard dissented in favor of a half-point hike, the first vote against a decision since September 2020, Bloomberg reported.
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