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Powell says Fed to ‘keep pushing’ rates higher until clear inflation is falling

Powell says Fed to ‘keep pushing’ rates higher until clear inflation is falling

© Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in Washington, U.S., March 3, 2022. Tom Williams/Pool via REUTERS WASHINGTON (Reuters) -The Federal Reserve will “keep pushing” to tighten U.S. monetary policy until it is clear that inflation is declining, Fed Chair Jerome Powell said on Tuesday. “What we…

Locked-down Shanghai to start gradually reopening malls, other businesses

Locked-down Shanghai to start gradually reopening malls, other businesses

3/3 © Reuters. FILE PHOTO: Police and security members in protective suits stand outside cordoned off food stores following the coronavirus disease (COVID-19) outbreak in Shanghai, China March 29, 2022. REUTERS/Aly Song 2/3 SHANGHAI (Reuters) -The Chinese financial and manufacturing hub of Shanghai will gradually begin reopening businesses such as shopping malls and hair salons…