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Heather Scott
Heather Scott
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Fed's Powell to hammer home inflation-fighting message
by Heather Scott - August 26, 2022 - 12:24pm
With US inflation at a 40-year high, economists say there is no doubt about the Federal Reserve's policy course: Interest rates will continue to rise.
Fed attacks US inflation with another interest rate hike
by Heather Scott - July 28, 2022 - 8:40am
The US Federal Reserve on Wednesday again raised the benchmark interest rate by three-quarters of a percentage point in its ongoing battle to tamp down raging price pressures.
US leads G20 boycott of Russian finance officials
by Heather Scott - April 21, 2022 - 8:25am
British and Canadian officials also took part in the boycott, officials confirmed, underscoring the boiling tensions at the gathering convened to address global challenges like rising debt and a possible food c...
As major economies meet, US looks to increase pressure on Russia
by Heather Scott - April 19, 2022 - 8:10am
"The secretary believes the Russian invasion of Ukraine has demonstrated the need for the world's largest economies to stand together to defend international order and protect peace and prosperity," the Treasury...
IMF chief denies altering World Bank report to appease China
by Heather Scott - September 17, 2021 - 8:28am
IMF chief Kristalina Georgieva on Thursday disputed an independent investigation which found that in her previous job at the World Bank, she pressed staff to alter a report to avoid angering China.
IMF stops funds to Afghanistan, reserves blocked from Taliban
by Heather Scott - August 19, 2021 - 10:19am
Despite its swift takeover of the government in Afghanistan, the Taliban will not have access to most of the nation's cash and gold stocks, while the IMF announced it won't provide aid.
Taliban will not get access to Afghan reserves held in US: official
by Heather Scott - August 17, 2021 - 5:41pm
The Taliban will be denied access to any Afghan reserves held in US accounts.
Millions of Americans risk eviction as virus cases spike
by Heather Scott - August 1, 2021 - 2:38pm
With billions in government funds meant to help renters still untapped, President Joe Biden this week urged Congress to extend the 11-month-old moratorium after a recent Supreme Court ruling meant the White House...
US Fed chief says stimulus to continue despite high inflation
by Heather Scott - July 15, 2021 - 9:12am
Even as US inflation has hit the highest rate in over a decade, the central bank is sticking to its guns, and will continue to provide stimulus until the economy has fully recovered, Federal Reserve Chair Jerome...
IMF sees much stronger US growth, 2021 GDP +7.0%
by Heather Scott - July 2, 2021 - 3:38pm
The IMF is bullish on the US economic recovery, predicting growth will hit 7 percent this year -- much stronger than previously forecast and "the fastest pace in a generation," the Fund said in a report Thursda...
US Fed downplays inflation fears, officials see rate hikes in 2023
by Heather Scott - June 17, 2021 - 9:31am
Federal Reserve Chair Jerome Powell on Wednesday once again tried to assuage fears of rising US inflation, even while a majority of central bank officials now believe interest rates will increase in 2023.
IMF warns more funding needed to safeguard global economy
by Heather Scott - April 9, 2021 - 10:18am
Warning that the recovery from the pandemic crisis is not yet over, the IMF on Thursday called on policymakers to continue to spend money to shore up the global economy and ensure no one is left behind.
IMF projects stronger 2021 growth amid pandemic rebound
by Heather Scott - April 7, 2021 - 9:48am
Accelerated vaccinations and a flood of government spending, especially in the United States, have boosted the outlook for the global economy, but more must be done to prevent permanent scars, the IMF said...
US Fed likely to boost forecasts as stimulus funds flood in
by Heather Scott - March 17, 2021 - 10:12am
The Federal Reserve opened its two-day policy meeting on Tuesday and is expected to provide a more upbeat outlook for the US economy, which will soon be awash in $1.9 trillion in stimulus funds.
'Markets be damned!': Fed standing firm on inflation fears
by Heather Scott - March 15, 2021 - 9:22am
Skittish investors have see-sawed between celebration about the expected US economic recovery and nail-biting over a possible price spiral, but the Federal Reserve is standing firm on keeping interest rates low...
Fed's Powell downplays inflation fears, pledges to keep rates low
by Heather Scott - February 24, 2021 - 9:25am
Federal Reserve Chairman Jerome Powell attempted to tamp down rising inflation concerns, and again on Tuesday pledged to keep benchmark lending rates low until jobs recover and prices have risen consi...
US Fed keeps rates low as economic outlook remains 'high uncertain'
by Heather Scott - January 28, 2021 - 7:23am
In the Philippines, the Bangko Sentral ng Pilipinas, the central bank, is expected to consider the Fed’s decision to keep low rates steady on its own policy meeting on February 11.
US Congress set to approve $900 billion stimulus package
by Heather Scott - December 22, 2020 - 8:46am
“It’s a good bipartisan deal,” Democratic House Speaker Nancy Pelosi said Monday. “We will do some good with this legislation.”
US election uncertainty turns focus on Fed
by Heather Scott - November 5, 2020 - 12:48pm
No victor has emerged yet following Tuesday's vote that pitted President Donald Trump against his challenger Joe Biden.
World Bank chief warns extreme poverty could surge by 100 million amid pandemic
by Heather Scott - August 21, 2020 - 9:53am
The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David Malpass warned Thursday.
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