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    Monetary Policy and the Economy

    Federal Reserve Chair Janet Yellen testified before the Senate Banking, Housing, and Urban Affairs Committee on the central bank’s semi-annual Monetary Policy Report to Congress. Chair Yellen told committee members the Fed is likely to keep interest rates low “for some time” in the face of uneven economic growth. She also commented on the possible effects of the United Kingdom leaving the European Union, adding that the Federal Reserve would be monitoring the outcome for potential consequences.

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    ISIS Ideology

    The Senate Homeland Security and Governmental Affairs Committee held a hearing to discuss ISIS* ideology and its relation to and motivation for so-called “lone wolf” actors such as the shooter in the June 12, 2016, attack at a gay nightclub in Orlando, Florida. Witnesses, including refugees from ISIS-affected areas, talked about what drives the successes and failures of the group, and made recommendations for how best to counter ISIS with efforts beyond the U.S.-led military operations in the Middle East and Africa.

    *The Islamic State in Iraq and the Levant (ISIL), or the Islamic State of Iraq and Syria (ISIS or DAISH/DAESH in Arabic), is a militant group that has called itself the Islamic State.