Economic policy

Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)
January 14, 2021 - 1:49 pm
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Thursday to tamp down any concerns that the Fed might soon withdraw some of its support for the U.S. economy and stressed that any such pullback would be signaled far in advance. During an online discussion hosted by Princeton University...
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A man walks past a poster with the slogans "World Peace" and "Ethnic Unity" in Beijing, China Monday, Jan. 11, 2021. A Chinese official on Monday denied Beijing has imposed coercive birth control measures among Muslim minority women, following an outcry over a tweet by the Chinese Embassy in Washington claiming that government polices had freed women of the Uighur ethnic group from being "baby-making machines." (AP Photo/Ng Han Guan)
January 14, 2021 - 2:18 am
BEIJING (AP) — China on Thursday demanded Washington drop a ban on cotton and tomato imports from its Muslim northwest over complaints they are produced by forced labor, which a spokesman dismissed as the “lie of the century.” The ban announced Wednesday adds to a flurry of sanctions imposed by the...
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FILE - In this Sunday, Aug. 25, 2019 file photo President Donald Trump and Britain's Prime Minister Boris Johnson, left, speak to the media before a working breakfast meeting at the Hotel du Palais on the sidelines of the G-7 summit in Biarritz, France. British Prime Minister Boris Johnson has said a lot of nice things about Donald Trump over the years, from expressing admiration for the U.S. president to suggesting he might be worthy of the Nobel Peace Prize. But after a mob of Trump supporters invaded the U.S. Capitol on Jan. 6, Johnson has changed his tune.(Erin Schaff, Pool via AP)
January 13, 2021 - 11:32 pm
LONDON (AP) — British Prime Minister Boris Johnson has said a lot of nice things about Donald Trump over the years, from expressing admiration for the U.S. president to suggesting he might be worthy of the Nobel Peace Prize. But after a mob of Trump supporters invaded the U.S. Capitol on Jan. 6,...
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January 13, 2021 - 7:29 pm
BEIJING (AP) — China’s exports rose in 2020 despite pressure from the coronavirus pandemic and a tariff war with Washington, boosting its politically volatile trade surplus to $535 billion, one of the highest ever reported. Exports rose 3.6% over 2019 to $2.6 trillion, an improvement over 2019’s 0...
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FILE - This Aug. 24, 2020 file photo shows Treasury Secretary Stephen Mnuchin at the White House in Washington. The U.S. government’s deficit in the first three months of the budget year was a record-breaking $572.9 billion. The Treasury Department reported Wednesday, Jan. 13, 2021 that with three months gone in the budget year, the deficit was $216.3 billion higher than the same October-December period a year ago. (AP Photo/J. Scott Applewhite, File)
January 13, 2021 - 1:05 pm
WASHINGTON (AP) — The U.S. government's deficit in the first three months of the budget year was a record-breaking $572.9 billion, 60.7% higher than the same period a year ago, as spending to deal with the COVID-19 pandemic surged while revenue declined. The Treasury Department reported Wednesday...
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A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, Jan. 12, 2021. Asian stocks advanced Tuesday as investors watched for details of U.S. President-elect Joe Biden's promised economic stimulus plan. (AP Photo/Vincent Yu)
January 11, 2021 - 9:01 pm
BEIJING (AP) — Asian stocks advanced Tuesday as investors watched for details of President-elect Joe Biden's promised economic stimulus plan. Shanghai, Tokyo and Hong Kong were higher. Seoul declined while Sydney swung between gains and losses. Overnight, Wall Street declined following a string of...
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FILE - This Nov. 23, 2020 file photo shows the New York Stock Exchange in New York. U.S. stocks are ticking higher on Friday, Jan. 8, 2021, despite a sober reminder of how many jobs the pandemic is destroying, as Wall Street keeps focusing more on the economy’s potentially brighter future than its current pain. (AP Photo/Seth Wenig)
January 08, 2021 - 1:09 pm
Stocks shook off a midday slump and powered higher in the afternoon, bringing major indexes to record highs and leaving the market with solid gains for the first week of the year. The S&P 500 added 0.5%. It rose 1.8% for the week. The Dow and Nasdaq also closed at record highs. Investors are...
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FILE - This May 22, 2020, file photo shows the Federal Reserve building in Washington. Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade. Transcripts of their discussions, released Friday, Jan. 8, 2021 showed that the chief concern was whether the Fed would be acting prematurely in starting to raise rates given how low inflation was at the time. (AP Photo/Patrick Semansky, File)
January 08, 2021 - 9:31 am
WASHINGTON (AP) — Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade. Transcripts of their discussions, released Friday, showed that the chief...
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People stroll on the Trocadero square to watch the Eiffel Tower lightings, Friday, Dec. 11, 2020 in Paris. (AP Photo/Francois Mori)
January 08, 2021 - 1:45 am
PARIS (AP) — France’s government breathed a sigh of relief Friday after the U.S. indefinitely delayed tariffs on French wine, cosmetics and other goods designed as retaliation for a French tax on technology giants. The U.S. Trade Representative’s office said in a statement Thursday that it...
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FILE - In this March 1, 2020 file photo, Rhode Island Gov. Gina Raimondo faces reporters during a news conference, in Providence, R.I. President-elect Joe Biden has picked Rhode Island Gov. Gina Raimondo to lead the Commerce Department. (AP Photo/Steven Senne)
January 07, 2021 - 7:48 pm
WASHINGTON (AP) — President-elect Joe Biden has picked Rhode Island Gov. Gina Raimondo to lead the Commerce Department, helping set trade policy and promote U.S. opportunities for growth domestically and overseas. Raimondo, a former venture capitalist, is in her second term as governor and...
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