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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Federal Reserve Chief: Nothing suggests US vulnerable to recession

  • By Al Mayadeen Net
  • Source: Agencies
  • 4 May 2022 23:58
2 Min Read

The Federal Reserve's chairman says US inflation has been surprising over the past year, and further surprises are possible.

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  • Federal Reserve Chairman Jerome Powell
    Federal Reserve Chairman Jerome Powell

According to Jerome Powell, the Chairman of the US Federal Reserve, the US economy is strong, and despite a lower GDP in the first quarter and higher interest rates imposed by the Fed, there is no indication that the country is headed for a recession.

"It's a strong economy; nothing about it suggests that it's close to or vulnerable to a recession," Powell told reporters after chairing the Fed’s monthly policy meeting. The central bank approved today its first 50-basis point rate hike in more than 20 years and said there will be at least two increases of this kind in upcoming meetings.

"I think we have a good chance to restore price stability without a recession," Powell added. 

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The US' GDP declined by 1.4% in the first three months of the year, and if there is negative growth in the second quarter then the US will be automatically in a recession. 

With inflation at 8.5% now, the Fed said it will keep up monetary tightening through 2023 if necessary to keep inflation at its annual target of 2%.

Further surprises possible

Powell also noted that if the Federal Reserve does not act appropriately and controls price pressures, then inflation in the US may have more surprises.

"Making appropriate monetary policy in this uncertain environment requires a recognition that the economy often evolves in unexpected ways, inflation has obviously surprised the upside over the past year, and further surprises could be in store," Powell explained, adding that the central bank will need to be "nimble" in responding to incoming data.

  • Federal reserve
  • jerome powell
  • US
  • United States
  • Recession

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