The Federal Reserve It needs to speed up its schedule to tighten monetary policy because rising prices show no signs of easing anytime soon, said Jeremy Siegel, a finance professor at the Wharton School of the University of Pennsylvania. Siegel, who last year predicted an increase in consumer prices when few did, expects cumulative inflation […]
Tag: Joe Biden
Automakers fall far short of Biden’s consumption targets
Updated on 11/22/2021 02:43 am The Environmental Protection Agency’s calculation of USA (EPA) from the modest gains in fuel economy by automakers last year highlights the need for a rapid increase in fuel economy. electric vehicles if the industry wants to meet the proposed objectives. The EPA reported Friday that automakers achieved an average of […]
Fed: two Democratic senators urge Biden not to rename Powell
Updated on 11/20/2021 04:04 am Two progressive Democratic senators from the United States said they oppose a reappointment of Federal Reserve Chairman Jerome Powell, joining Elizabeth Warren in calling for President Joe Biden to elect someone else. Jeff Merkley from Oregon and Sheldon Whitehouse Rhode Island officials said in a statement issued early Friday that […]
US, China and others point to OPEC with possible release of oil reserves
The governments of some of the world’s largest economies said they were considering releasing oil from their strategic reserves, following an unusual request from USA for a coordinated measure to cool energy prices and before a meeting of the main producing countries. The government of the president Joe Biden has asked large oil buyers such […]
Biden seeks common ground with Mexico and Canada at the top, but tensions persist
The president of USA, Joe Biden, received the leaders of Canada and Mexico at the first North American summit in five years, a meeting aimed at revitalizing regional cooperation, but overshadowed by the “US buy” agenda and migration. Biden met separately with Canadian Prime Minister Justin Trudeau and Mexican President Andrés Manuel López Obrador, and […]
Biden calls for an investigation into rising gasoline prices
Updated on 11/18/2021 10:14 am United States President Joe Biden asked the competition authorities to investigate “immediately” behavior “eventually illegal“From the oil companies, whose gasoline prices go up”when your costs go down”. The White House asked in a letter to the president of the Federal Trade Commission (FTC, Federal Trade Commission), Lina Khan, to study […]
Biden to face rejection of electric car rules at first “Three Friends” summit in 5 years
The leaders of the United States, Canada and Mexico will meet on Thursday for the first time in five years to promote North American economic integration, but the meeting could be dominated by disputes over electric car tax credits and the policies of “Buy american”Supported by President Joe Biden. The US president has revived the […]
Joe Biden clarifies that he does not encourage the independence of Taiwan after his meeting with Xi Jinping
Updated 11/16/2021 11:32 pm The president of the United States, Joe Biden, clarified this Tuesday that his government does not encourage the independence of Taiwan, after a slip in which he expressed an opinion contrary to the official position of the White House. Speaking to the press during a visit to New Hampshire, Biden first […]
Biden hopes to nominate the next chairman of the Federal Reserve this week
The president of United States, Joe Biden, has indicated this Tuesday, November 16, that at the end of this week he will announce who will lead the Federal Reserve. The agent can choose to keep or not to Jerome Powell to the front or replace him by the governor of the Fed, Lael Brainard. The […]
Biden has few tools to curb inflation in the short term
President Joe Biden promised to make every effort to lower prices in USA and his secretary of the Treasury, Janet Yellen, said the removal of tariffs on Chinese products could help. But the government actually has few tools to curb the increase in the inflation rate in the short term. The rise in prices is […]