The aircraft is not yet on the ground, but the approach has been uneventful so far. As tired as the metaphor may be, a “soft landing” is the best possible outcome of the Federal Reserve’s belated efforts to defeat inflation. And the latest data suggests it could be happening. The Fed will announce its next …
Dec 7 (Reuters) – China on Wednesday announced the most sweeping changes to its strict zero COVID policy since the pandemic began three years ago, easing rules that had curbed the spread of the virus but had hobbled the world’s second-largest economy worldwide and sparked protests. The easing of rules, which include allowing infected people …
Reaction to China’s easing of COVID restrictions in major policy shift Read More »
Treasury Secretary Janet Yellen said Wednesday she had “no plans” to step down from her post amid continued talk of the former Fed chairman’s role in the Biden administration. Speaking at the New York Times Dealbook Summit in New York, Yellen said: “I am committed to staying [as Treasury Secretary]. I have no intention of …
