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  • Nov 14, 2024

Kugler Says Fed Must Focus on Both Inflation and Jobs Goals

(Bloomberg) -- Federal Reserve Governor Adriana Kugler said policymakers must keep their focus on both the central bank’s inflation and employment goals, pointing to a cooling labor market and slower progress toward the Fed’s 2% inflation target. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway

  • Nov 14, 2024

JD’s Results Fail to Impress as Chinese Economic Fears Persist

(Bloomberg) -- JD.com Inc.’s quarterly revenue rose 5.1%, a moderate expansion that suggests Chinese consumers are only cautiously spending again as Beijing tries to revitalize the economy.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsNYC Congestion Pricing Plan With $

  • Nov 14, 2024

Bitcoin Briefly Tops $93,000 on Trump Agenda, Fed Policy Outlook

(Bloomberg) -- Bitcoin spiked above $93,000 for a short period as expectations of further interest-rate reductions by the Federal Reserve added to the impetus from President-elect Donald Trump’s pro-crypto stance.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsNYC Conges

  • Nov 14, 2024

Top Federal Reserve official defends central bank's independence in wake of Trump win

A Federal Reserve official gave a lengthy defense of the central bank's political independence Thursday, just days after former President Donald Trump, an outspoken Fed critic, won re-election. “It has been widely recognized — and is a finding of economic research — that central bank independence is fundamental to achieving good policy and good economic outcomes,” Adriana Kugler, one of the seven members of the Fed's governing board, said in prepared remarks for an economic conference in Montevideo, Uruguay. Kugler added that the research in particular finds that greater independence for central banks in advanced economies is related to lower inflation.

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