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50 years since the end of the Bretton Woods monetary system

The decision by President Nixon to close the gold window shattered the international monetary system that had formed a key foundation of the postwar capitalist order.

Neurosurgeon wife of Microsoft boss had close ties to Jeffrey Epstein AND Bill Gates

Neurosurgeon wife of Microsoft boss had close ties to Jeffrey Epstein AND Bill Gates
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

Inflation Could Be Higher And More Persistent Than Expected, Federal Reserve Says

Font Size: The Federal Reserve admitted Wednesday that inflation could increase quicker and for longer than the central bank has projected in recent months. Inflation could turn out to be “higher and more persistent” than previously expected if supply constraints continue to plague many economic sectors as they are now, Federal Reserve Board Chairman Jerome Powell said during a press conference Wednesday. Fed officials including Powell have repeatedly stated that consumer price increases would be “transitory,” lasting 6-9 months, according to Forbes. “Inflation has increased notably and will likely remain elevated in coming months before moderating,” Powell said during the press conference.

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