Fed rate cuts: Saving American jobs or stoking inflation?

Fed rate cuts: Saving American jobs or stoking inflation?

The Federal Reserve of the United States is a tight-rope walking stick. It wants inflation to remain low while employment is high. However, both points in the wrong direction.

Policymakers seem more concerned about the current state of the labor market than the potential for price increases.

The central bank has lowered interest rates for the first time since December to help stabilize the ailing job market. However, that might increase prices.

Additionally, President Donald Trump is accused of challenging the Fed’s sovereignty under the influence of political pressure.

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Source: Aljazeera

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