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Powell: “Tension” between jobs, inflation is the chief challenge facing Fed

Powell: “Tension” between jobs, inflation is the chief challenge facing Fed

© Reuters. FILE PHOTO: Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch/Pool via REUT By Howard Schneider (Reuters) -Resolving “tension” between high inflation and still-elevated unemployment is the…

U.S. Treasury’s Yellen seeking October agreement on global minimum corporate tax

U.S. Treasury’s Yellen seeking October agreement on global minimum corporate tax

© Reuters. Treasury Secretary Janet Yellen testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch/Pool via REUTERS By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday she is looking for…

Exclusive-U.S. has reached out to China about cutting oil imports from Iran, officials say

Exclusive-U.S. has reached out to China about cutting oil imports from Iran, officials say

2/2 © Reuters. FILE PHOTO: Chinese and U.S. flags flutter outside a company building in Shanghai, China April 14, 2021. REUTERS/Aly Song 2/2 By Arshad Mohammed and John Irish WASHINGTON/PARIS (Reuters) – The United States has reached out to China diplomatically about reducing its purchases of Iranian crude oil, U.S. and European officials said on…

U.S. Senators call for ‘full accountability’ in World Bank data controversy

U.S. Senators call for ‘full accountability’ in World Bank data controversy

3/3 © Reuters. FILE PHOTO: U.S. Senator Robert Menendez (D-NJ) questions Zalmay Khalilzad, special envoy for Afghanistan Reconciliation, during a Senate Foreign Relations Committee hearing on Capitol Hill in Washington, U.S., April 27, 2021. Susan Walsh/Pool via REUTERS 2/3 By David Lawder and Andrea Shalal WASHINGTON (Reuters) – The top Democrat and Republican on the…