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Fed's Jerome Powell says ‘clock is running' to bring inflation down

1 month ago   |   By New York Post

The Federal Reserve will not let the economy slip into a “higher inflation regime” even if it means raising interest rates to levels that put growth at risk, Fed Chair Jerome Powell said on Wednesday in remarks emphasizing the US central bank's do-whatever-it-takes approach to tempering future price hikes. “The clock is kind of running on how...
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Watch Fed Chair Powell talk live about the economy, interest rates at ECB forum

Watch Fed Chair Powell talk live about the economy, interest rates at ECB forum

1 month ago   |   By CNBC

Federal Reserve Chairman Jerome Powell speaks Wednesday to a European Central Bank forum on central banking.
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A Brazil court reopens the case of a rainforest park larger than New York City

A Brazil court reopens the case of a rainforest park larger than New York City

The court's decision reopened a lawsuit that invalidates a protected area in Brazil's Amazon. Read more ...

Severe flood damage in South Korea's Seoul after record rains

At least nine people killed and thousands of homes damaged after South Korean capital hit by heaviest rain in a century. Read more ...

Sacramento measure greenlighting more shelters, clearing of encampments...

Sacramento measure greenlighting more shelters, clearing of encampments heads to November ballot

A measure that would both allow the City of Sacramento to provide more shelters for the homeless but also be allowed to break up homeless encampments will be left for voters to... Read more ...

German economy forecast to shrink

German economy forecast to shrink

The energy crisis and the conflict in Ukraine are expected to take a toll on the country's GDP The German economy is expected to lose more than €260 billion in added value by... Read more ...

A Latina professor who was denied tenure at Harvard is demanding a...

Latina professor Lorgia García-Peña, who was denied tenure at Harvard, has written a book, “Community as Rebellion: A Syllabus for Surviving Academia as a Woman of Color." Read more ...

Beef prices are surging in the US, but what's causing it?

Beef prices are surging in the US, but what's causing it?

The country's cattle inventory is shrinking and has been for a while. Read more ...

Compromise or cut loose? China labour watchdogs' tough choice

The Better Cotton Initiative faced scrutiny over its work after partnering with Chinese firm accused of rights abuses. Read more ...

With Tesla stock sale Musk cashes up for Twitter

Tesla chief sold nearly $7bn worth of shares to avoid an emergency sale in case he is forced to complete Twitter deal. Read more ...

California Forest Service employee killed in McKinney Fire

California Forest Service employee killed in McKinney Fire

"Kathy died in her home in the community of Klamath River as a result of the McKinney Fire." Read more ...

Sheriff's office releases surveillance image of missing Truckee teen from...

The surveillance footage was taken on Friday at about 6 p.m. at a business in Truckee. Read more ...