Federal Reserve Bank of Boston President Susan Collins said she favors a more moderate pace of interest-rate increases, even as the central bank continues to tighten policy to reduce high inflation.
US Treasury Secretary Janet Yellen, declaring that Africa can help shape the future of the global economy, will set out why the Biden administration intends to elevate its focus on the continent over the next two years in a speech she’s slated to deliver Friday in Dakar, Senegal.
The Biden administration is inclined to oppose any move to lower the price cap on exports of Russian crude oil, despite a push by some European countries to squeeze Moscow’s revenues even more, according to people familiar with the matter.
The alliance’s military chief Admiral Rob Bauer says allies are likely to invest more in deep-strike capabilities.
Business Secretary Grant Shapps said Brexit has caused “significant challenges” for UK business as he laid out a plan for growth that he described as “Silicon Valley with a British edge.”
New US home construction declined for a fourth-straight month in December, wrapping up a disappointing year for an industry that saw annual housing starts fall for the first time since 2009.
New York has only had a trace dusting of snowflakes on its sidewalks and rooftops so far this month, and if that keeps up it will be the lowest January snowfall for the city since 2008.
The Swiss National Bank will probably need to keep raising interest rates to tame inflation, President Thomas Jordan said.
Defense Secretary Ben Wallace said the UK will send a further 600 Brimstone missiles to Ukraine to help defend the nation against Russia’s invasion.
Israeli Prime Minister Benjamin Netanyahu and US National Security Advisor Jake Sullivan discussed ways to advance the normalization of ties between Israel and Saudi Arabia.
