The U.S. economic recovery remains "uneven and far from complete" and it will be "some time" before the Federal Reserve considers changing policies it adopted to help the country back to full employment, Fed Chair Jerome Powell said on Tuesday.
Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention focused on getting Americans back to work.
Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention focused on getting Americans back to work.
New coronavirus wave causes 35% dip in sales at Asia s largest gold market
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Amid increasing cases of Covid-19, the state government has imposed strict restrictions on people s movements but stopped short of announcing a lockdown. Restrictions have been imposed across cities such as Amravati, Mumbai, Nagpur, Pune, Pimpri Chinchwad, Nashik, Aurangabad, Thane, Navi Mumbai, Kalyan-Dombivli, Akola, Yavatmal, Washim and Buldhana.
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The new wave of coronavirus led to a 35% fall in sales in the past week in Mumbai’s Zaveri Bazaar, Asia’s largest gold market, from where 65% of all gold trading and dealing in India is estimated to originate, said bullion dealers and jewellers.
Read more about Powell says Fed will not commit to any decision on dividend restrictions on Business Standard. "We have not decided what to do there yet and we re actually looking into that right now," Powell said during a hearing before the Senate Banking Committee