CAMBRIDGE, Mass. (AP) – Federal Reserve Chairman Jerome Powell said Monday that it is important to carefully watch inflation during the rise in energy prices since the Iran war. Watch Powell’s comments in full in the video player above. Powell, who spoke in front of about 400 students at Harvard University when gas prices averaged … Read more
Australians hoping for relief from fuel price cuts in time for Easter travel are set to be disappointed, with the industry predicting the effects of Labour’s temporary tax cuts will take days or weeks to reach some people around the country. The halving of fuel duty, which starts on Wednesday until the end of June, … Read more
In February, the US economy lost 92,000 jobs. Unemployment rose to 4.4%. Economists expected moderate growth. Instead, job losses were concentrated in construction, manufacturing, restaurants, administrative services and health care. But a serious crisis is not a bad month. It’s a structural change that’s been in the works for years. The workforce is shrinking – … Read more
UK families face a “double whammy” for the Labor government’s rescuers. Labor set to hit UK households with ‘triple blow’ austerity Labor is set to hit UK households with a “triple punch” as they clamp down on savings. UK families face “t“riple blow” for the saviors of the Labor Party government. In a warning before … Read more
Australian business groups have warned governments to consider ways to reduce fuel demand and boost support for struggling businesses as the fuel crisis continues. Also on Sunday, the federal government urged Australians to stick to their Easter travel plans – if they can – but the environment minister, Murray Watt, warned the fuel scare was … Read more