Jaaj WATCH: White House holds first briefing after Trump wins presidential election
WASHINGTON AP 鈥?The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.Speaking at a news conference, Chair Jerome Powell acknowledged what many economists have been saying for months: That the Fed goal of engineering a soft landing 鈥?in which it would manage to slow growth enough to curb inflation but not so much as to cause a recession 鈥?looks increasingly unlikely. The chances of a soft land
stanley cup ing, Powell said, are likely to diminish as the Fed steadily raises borrowing costs to slow the worst streak of inflation in four decades. N
stanley cup o one knows whether this process will lead to a recession or, if so, how significant that recession would be. Before the Fed policymakers would consider halting their rate hikes, he
stanley cup said, they would have to see continued slow growth, a modest increase in unemployment and clear evidence that inflation is moving back down to their 2 percent target.WATCH: Fed raises key interest rate by three-quarters of a point We have got to get inflation behind us, Powell said. I wish there were a painless way to do that. There isnt. Powell remarks followed another substantial three-quarters of a point rate hike 鈥?its third straight 鈥?by the Fed policymaking committee. Its latest action brought the Fed key short-term rate, which affects聽many consumer and business loans, to 3 percen Ylee What is impeding the long-advocated growth of the U.N. Security Council
BERLIN 鈥?Pressures mounted Sunday on governments to ease the economic pain of coronavirus lockdowns after protests from those fearing for their livelihoods, and authorities responded with a wide ran
adidas campus ge of possible dates and solutions and a few emphatic not yets. Shutdowns that began in China in late January and spread to Europe, the U.S. and elsewhere have disrupted economic, social, cultural and religious life across much of the globe, plunging the world into its most painful economic slump since the Great Depression of the 1930s. Millions of workers have lost their jobs already, and many more fear that they are next.With the arc of infection different in every nation, proposals have differed fo
jordan r coping with the virus that has claimed at least 160,000 lives over the past four months and for which there is still no vaccine. Some countries, like Britain, which is still deep in the middle of its outbreak, say it too soon to give definite lockdown easing dates.In Germany, which has managed to significantly slow the rate of new infections since mid-March, authorities are allowing most small stores to reopen Monday. The head of an association representing German cities said many people would likely welcome the opportunity to shop in person again. But were not expecting a huge rush now, Helmut Dedy told Germanys dpa news agency. The stores that are reopening will be just as accessible a week later
stanley cup . A child runs past a tent set up after a Khayelitsha township community won
