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Turkey to open 1,000 markets to counter high inflation, Erdogan says

Turkey to open 1,000 markets to counter high inflation, Erdogan says

© Reuters. Turkey’s President Tayyip Erdogan addresses members of parliament as he attends the reopening of the Turkish parliament after the summer recess in Ankara, Turkey, October 1, 2021. Murat Cetinmuhurdar/PPO/Handout via REUTERS By Azra Ceylan and Jonathan Spicer ISTANBUL (Reuters) -President Tayyip Erdogan said on Sunday Turkey had ordered agricultural cooperatives to open about…

Czech central bank chief defends rate hike criticised by Finance Minister

Czech central bank chief defends rate hike criticised by Finance Minister

© Reuters. FILE PHOTO: Czech Finance Minister Alena Schillerova attends an interview with Reuters in Prague, Czech Republic, October 11, 2019. REUTERS/Robert Muller PRAGUE (Reuters) – Czech central bank governor Jiri Rusnok defended on Sunday the bank’s 75 basis point interest rate increase after the surprise move was criticised by Finance Minister Alena Schillerova ahead…

Biden says he’ll ‘work like hell’ to pass infrastructure, social spending bills

Biden says he’ll ‘work like hell’ to pass infrastructure, social spending bills

© Reuters. U.S. President Joe Biden talks to reporters as Speaker of the House Nancy Pelosi watches after the president met with Democratic lawmakers at the U.S. Capitol to promote his bipartisan infrastructure bill on Capitol Hill in Washington, U.S., October 1, 20 By Jeff Mason WASHINGTON (Reuters) -U.S. President Joe Biden said on Saturday…

Fed’s Harker says he worries inflation won’t be as transient as expected

Fed’s Harker says he worries inflation won’t be as transient as expected

© Reuters. FILE PHOTO: Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo NEW YORK (Reuters) – While he does not expect inflation to spiral out of control, Philadelphia Federal Reserve Bank President Patrick Harker said he is worried inflationary pressures may not be as transient as expected. “I…