Fed chief tells Congress interest rates going up

Texas Republican drops re-election bid over 'ISIS bride' affair

Higher interest rates should kick in later this month. A House panel approves fines for guns in airline carry-on bags. And a Texas Republican suddenly gives up his bid for re-election. This is “Regular Order” for March 3, 2022.

ECONOMY. Federal Reserve Chairman Jerome Powell is back on Capitol Hill this morning, a day after he told a House panel t…