Overseas Headlines: August 24, 2021

United States:

Powell’s Charm Offensive in Congress Positions Him to Keep Job

“Federal Reserve Chair Jerome Powell has built a reputation as a skilled advocate for the U.S. central bank, thanks to strong personal ties forged with Congress that will help if he’s nominated for a second term.”



Britain’s Labor Market Paradox Threatens to Choke Its Economy

“Two numbers might sum up the immediate challenge for the U.K. economy: 1 million job vacancies and almost 2 million people who have lost their job during the pandemic, left the workforce or are on furlough.”



China’s Central Bank Vows to Boost Credit Support, Stabilize Money Growth

“China’s central bank chief vowed to stabilize the supply of credit and boost the amount of money supporting smaller businesses and the real economy, after both credit and economic growth slowed in July.”




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