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The statue of Confederate Gen. Robert E. Lee has been taken down in Charlottesville, Virginia

Heavy machinery hoisted the statue of Gen. Robert E. Lee from its stone pedestal in Charlottesville, Virginia, around 8 a.m. Saturday morning, AP reports.

The big picture: The removal comes four years after the 2017 "Unite the Right" white supremacist rally, when hundreds of alt-right supporters gathered carrying torches and signs that read "white lives matter." The rally then started because protestors opposed the city's decision to get rid of the monument.


  • The rally left 32-year-old protester Heather Heyer dead.
  • City officials announced plans to remove the statue on Friday.

Details: Another Confederate statue, one of of Gen. Thomas “Stonewall” Jackson, is also set to be taken down, AP notes.

  • Of note: The stone pedestals will be taken down and taken to a secure location until the Charlottesville City Council decides what should be done with them.

What they're saying: "Taking down this statue is one small step closer to the goal of helping Charlottesville, Virginia, and America, grapple with the sin of being willing to destroy Black people for economic gain," Charlottesville Mayor Nikuyah Walker said in a speech when the removal process started, per AP.

  • "This is well overdue," Zyahna Bryant, a student who in 2016 started the push to remove confederate statues from the city.
  • "No platform for racism. No platform for hate," Bryant added.

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Federal Reserve pledges to continue buying bonds until economy makes "substantial" progress

The Federal Reserve kept rates unchanged at 0%–0.25% at its latest policy meeting, but changed its statement to include a promise to continue to buy at least $120 billion of bonds each month "until substantial further progress has been made toward the Committee’s maximum employment and price stability goals."

Why it matters: Fed chair Jerome Powell consistently stressed during his press conference that the Fed was nowhere close to reducing its massive bond-buying program, even though its evaluation of the economy had improved and would continue to provide monetary policy support.

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Congress pushes for manufacturing czar at Biden White House

Senators in both parties plan to push the White House to create a "chief manufacturing officer" who would report directly to President Biden, mirroring representation now enjoyed by science and technology.

  • The idea has endorsements from a whole host of trade groups, representing both industry and labor.

Why it matters: Every modern White House talks about its desire to elevate manufacturing, particularly as America's economy has become more services-oriented.

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