Federal Reserve announces revolutionary inflation strategy
The bank will now let inflation rise to allow the economy to produce more jobs
The Federal Reserve has outlined a plan to revolutionise how it sets policy, including interest rates. The bank will now let inflation rise to allow the economy to produce more jobs. Sarah House, Senior Economist at the US bank Wells Fargo explains how big a change this is. The global chief executive of Chinese social media giant Tik Tok, Kevin Mayer, has resigned just three months after joining the company from Disney. This comes after Donald Trump said he'd ban Tik Tok from the US unless its American operations are sold within weeks, as the 大象传媒's Asia Business Correspondent Karishma Vaswani explains.
(Photo: The Federal Reserve Building, Washington, DC. Credit: Getty Images.)
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- Thu 27 Aug 2020 14:32GMT大象传媒 World Service