Yellen defends COVID spending, says it saved millions from losing jobs
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday will defend the Biden administration’s response to the COVID pandemic, arguing that its stimulus spending and other policies led to robust growth and averted millions of job losses. In
Fed’s Williams says policy data dependent in very uncertain environment
By Michael S. Derby HARTFORD, Connecticut (Reuters) – Federal Reserve Bank of New York President John Williams said Wednesday that future monetary policy actions will be driven by economic data as the central bank confronts a high level of uncertainty in
Michigan governor warns Trump tariffs on Mexico, Canada could harm US auto sector
(Reuters) – Michigan Governor Gretchen Whitmer on Wednesday warned that potential 25% tariffs on imports from Mexico and Canada suggested by President-elect Donald Trump could harm the U.S. auto sector, boost vehicle prices and benefit China. The Democratic governor said in
Bank of England to cut interest rates four times this year – Reuters poll
By Hari Kishan and Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the
Fed’s Barkin says latest CPI data shows price pressures continue to ease
ANNAPOLIS, Maryland (Reuters) – U.S. inflation data for December indicates price pressures are continuing to ease, Richmond Federal Reserve President Thomas Barkin said on Wednesday after a government report showed that an important underlying measure of price increases had slowed