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The unemployment rate fell to 4.8 per cent, partly reflecting a decline in labour force participation among women.

Despite payroll miss.

Wall Street strategists are preparing for what they believe will be the ultimate passage of the bipartisan infrastructure bill before a $3.5 trillion budget resolution. See: 10 Programs in the...

Push to have Powell reappointed as Fed chair Jerome Powell’s term as chair of the US Federal Reserve could be summed up as follows: Never in economic history has so much been given so fast to so few. The trillions of dollars pumped into the financial system by the Fed since March 2020 have sent the stock market to record highs, boosting the wealth of multi-billionaires such as Elon Musk and Jeff Bezos to stratospheric heights, as well as lifting the wealth of a host of lesser lights. Chairman of the Federal Reserve Jerome Powell (AP Photo/Susan Walsh) Given this record, it is hardly surpris...

Democrats weigh backing Jay Powell as Fed leadership choice looms James Politi and Colby Smith Jul 18, 2021 – 5.12pm Share Washington | Brad Sherman, a California Democrat in the House of Representatives, was saying what many in his party privately believe when he called for President Joe Biden to reappoint Jay Powell for a second term as chair of the Federal Reserve. “I’ve lived through two economic crises in Congress: 2008 and 2020. And 2020 was handled much better,” said Mr Sherman . “Reassuring people at a time when we are dealing with COVID-19 and some level of inflation is a g...