Fed Chair Fight Amps Up Debate Over Bank’s Role in Climate War
“The fight over who should lead the Federal Reserve for the next four years has intensified questions about whether the central bank is doing enough to help combat climate change. While Chair Jerome Powell enjoys broad support from Republicans and many Democrats for his handling of monetary policy and his response to the pandemic, his critics on the left have attacked him for, among other things, acting too slowly to focus the Fed’s attention on climate.”
U.K. Inflation Surge Prompts Bets for Sharper Rate Increases
“U.K. inflation surged more than expected to the strongest pace in more than nine years, prompting investors to anticipate a sharper increase in interest rates in 2022.”
China’s Economy Weakens on Delta Outbreak and Wary Consumers
“China’s economy took a knock in August from stringent virus controls and tight curbs on property, fueling concerns about the global recovery as countries battle to get delta outbreaks under control.”
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