Asian stocks have been combined Wednesday following a robust beginning in a few markets, which took the lead from Wall Street in which buyers were cheered with the aid of brisk US retail sales statistics. The US Federal Reserve’s tightening of economic coverage to incorporate surging inflation has sent jolts thru global markets, deepening the apprehensions of … Read more
WASHINGTON – The impact of the conflict in Ukraine on the US economy is “highly uncertain” and the central bank will need to adjust quickly to ensure the recovery continues, Federal Reserve Chair Jerome Powell said Wednesday. With prices rising at their fastest pace in four decades and oil soaring above $100 a barrel, the … Read more
WASHINGTON: US President Joe Biden has nominated Jerome Powell for the second term as the Federal Reserve chair, the White House said on Monday, allowing him to continue his role, overseeing the economy’s recovery from the Covid-19 pandemic. If confirmed by the Senate, Powell will preside over the central bank’s response to the damage done by … Read more
