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The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, but held to its belief that high inflation would prove "transitory" and likely not require a fast rise in interest rates. ....
The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, but held to its belief that high inflation would prove "transitory" and likely not require a fast rise in interest rates. ....
Malaysian Prime Minister Muhyiddin Yassin resigned https://www.reuters.com/world/asia-pacific/malaysian-pm-expected-resign-after-months-political-turmoil-2021-08-16 on Monday citing a lack of parliamentary support, but agreed with the king to remain caretaker premier until. ....
By Reuters Staff 3 Min Read (Reuters) -The Bank of England said on Tuesday that its chief economist, Andy Haldane, will leave the central bank later this year to become chief executive of the Royal Society for Arts, Manufactures and Commerce. Haldane - who has struck the most upbeat tone among BoE policymakers about Britain’s prospects for a rapid recovery from the COVID pandemic - will step down from the BoE’s Monetary Policy Committee (MPC) after its June meeting and start his role at the RSA in September. The BoE said it would advertise for a new chief economist in due course. ....