Economy

Senate confirms Powell for 2nd term as Fed fights inflation

Senate confirms Powell for 2nd term as Fed fights inflation

WASHINGTON (AP) — The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four decades. The 80-19 vote reflected broad support in Congress for the Fed’s drive to combat surging prices through a series of sharp …

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Alphabet CEO Sundar Pichai on inflation, investing in growth, and free speech on the internet

Alphabet CEO Sundar Pichai on inflation, investing in growth, and free speech on the internet

CNBC: Sundar Pichai, CEO of Alphabet and Google being interviewed by Deirdre Bosa. CNBC Google CEO Sundar Pichai said that while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the broader market. “We definitely see uncertainty ahead, like everyone else,” Pichai told …

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Can Xi Jinping vanquish Covid without crushing China’s economy?

Can Xi Jinping vanquish Covid without crushing China’s economy?

If the world’s second-largest economy shows any sign of recovery from its Covid-induced slump, Wang Neng should be among the first to know. But so far, he sees few indications of that. Like many small businesses in China, Wang’s cement mixing station in central Henan province has been hit hard by controversial lockdowns in dozens …

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