Fed’s Powell: Rate hikes to slow, but adjustment just beginning

Federal Reserve Chair Jerome Powell on Wednesday said it was time to slow the pace of coming interest rate hikes while also signaling a protracted economic adjustment to a world where borrowing costs will remain high, inflation comes down slowly and the United States remains chronically short of workers. […]

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India’s plan to replace China as ‘the factory of the world’

  Backlink: THE BL The chips are being stacked in the new post-pandemic international context. The Chinese regime is suffering a major economic crisis and is at the center of criticism for its outrages and dictatorial policies. Meanwhile, India intends to make a qualitative leap in its commercial role and is striving to replace the […]

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Cost of Biden’s student debt relief plan exceeds $400 billion, CBO says

  Backlink: AMERICAN MILITARY Biden in August announced student debt relief of $10,000 per borrower, subject to income caps of $125,000 per individual and $250,000 per household. An additional $10,000 can be forgiven for Pell Grant recipients. The CBO says that the move will reduce the present value of outstanding loans by $400 billion based […]

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