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Strong US Jobs Report Cheers Biden, Raises Questions for Fed

Country added an unexpectedly high 339,000 new jobs in May, as the labor market seemingly ignored rising interest rates ....

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Biden to Meet with Congressional Leaders in Effort to Avoid Default

Meeting announced after Treasury Department, Congressional Budget Office warn of crisis by June 1 ....

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Biden to Meet with Congressional Leaders in Effort to Avoid Default - New Delhi Times - India Only International Newspaper

President Joe Biden next week will meet with the Democratic and Republican leaders of the House and Senate in an effort to avoid a catastrophic default on the nation's debts, which could occur in as little as one month. The United States government's ability to borrow money is constrained by a limit on the amount… ....

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Fed's 2% inflation target arbitrary, needs to be upgraded - News

There’s rarely a convenient time for the Federal Reserve to openly debate whether its 2 per cent inflation target makes sense. This isn’t that time, but th.. ....

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The Fed has targeted 2pc inflation. Should it aim higher?

It’s worth re-examining the 2 per cent target: how the Fed arrived at it, whether it still makes sense and whether current rules allow sufficient flexibility. ....

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