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Fed official Philip Jefferson expects growth in spending and production in the US to slow in 2024

US Fed official warns of inflationary risk of over-consumption

A senior Federal Reserve official confirmed Thursday that the US central bank still intends to start cutting interest rates "at some point this year," but warned against the potentially inflationary effect of over-consumption.The number two man at the US central bank said he still expects growth in spending and production in the US to slow in 2024. 

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Transcripts for BBCNEWS BBC News 20240604 09:14:00

migrants, tens of thousands of whom could be left in limbo in the uk. the home office has said it doesn t recognise the figures. the united nations is warning of an approaching global water crisis because of pollution, global warming and over consumption. it s published a new report on the issue before the first dedicated water summit in more than a0 years. consumption of water keeps rising, and the report says about 10% of the world s population live under water stress where the ratio of water use to water availability is considered high or critical . at the last assessment in 2020, over a quarter of people around the globe still lacked access to safe drinking water, while 3.6 billion lacked access to safely managed sanitation services. the report says the water crisis is worst in low income countries for example, an estimated 70% of the population of sub saharan africa lacks safe drinking water services. aru na iyengar reports. humanity s lifeblood, water, is increasingly at

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