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Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts
Read full article: Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cutsNow that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House’s demands.
Biden's burdens grow: Sagging global economy adds to US woes
Read full article: Biden's burdens grow: Sagging global economy adds to US woesPresident Joe Biden embarks for Asia on Thursday facing a new risk for the economy at home: a global economic slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories.
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Dilemma for Fed chief: High inflation and a surging virus
Read full article: Dilemma for Fed chief: High inflation and a surging virusNot long ago, anticipation was high that Federal Reserve Chair Jerome Powell might begin to sketch out a plan this week for the Fed to start pulling back on its support for an economy that has been strengthening.