Bill Gates will appear for a closed-door transcribed interview before the House Oversight Committee about his past relationship with Jeffrey Epstein. Gates has denied wrongdoing and said he never witnessed or participated in Epstein’s illegal conduct.
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JPMorgan Chase has filed a lawsuit against former executive Jes Staley, alleging that he aided in hiding Jeffrey Epstein's sex abuse and trafficking in order to keep him as a client, and is seeking to force Staley to repay his compensation and punitive damages for his "intentional and outrageous conduct". The lawsuit is the latest development in the ongoing investigation into Epstein's activities and the role of those who enabled him, and it is unclear if Staley will face criminal charges.
At the end of 2022, the U.S. economy was on solid footing with a 2.9% annual growth rate, buoyed by consumer spending and businesses restocking supplies. However, economists are warning that the economy could slow further in the current quarter and slide into a mild recession by midyear. The Federal Reserve has indicated it is unlikely to raise interest rates this year, and may even lower them to help stimulate the economy.