WASHINGTON — Chair Jerome Powell said Monday that the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point. “We’ve had three better readings, and if you average them, that’s a pretty good pace,” Powell said of inflation …
Washington, DC CNN — Silicon Valley Bank failed because regulators were far too slow to take action, San Francisco Federal Reserve Bank President Mary Daly said Monday in her first extended remarks about the collapse. “We can raise this — and by ‘we’ I mean the system, not me because again, I don’t play an active role in supervision — …
US Secretary of State Antony Blinken speaks during a news conference at NATO's headquarters in Brussels, Belgium on April 14, 2021. In his interview with CBS News' 60 Minutes aired on Sunday, US Secretary of State Antony Blinken said that "our purpose is not to contain China, to hold it back, to keep it down". If the Biden administration's aim …