BREAKING NEWS |
The Fed made a big shift on interest rate policy that could mean long periods of cheap mortgages and business loans, and stronger future job markets. |
Thursday, August 27, 2020 9:48 AM EST |
Jerome Powell, the chair of the Federal Reserve, announced a major shift in the way America’s central bank approaches its economic policies — redoubling the Fed’s focus on low unemployment while pledging to allow inflation to run slightly higher in good times.
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"Darwin was the first to use data from nature to convince people that evolution is true, and his idea of natural selection was truly novel. It testifies to his genius that the concept of natural theology, accepted by most educated Westerners before 1859, was vanquished within only a few years by a single five-hundred-page book. On the Origin of Species turned the mysteries of life's diversity from mythology into genuine science." -- Jerry Coyne
Thursday, August 27, 2020
Stronger job markets are a good thing. Never having to work again is a better thing.
New York Times
Labels:
2020/08 AUGUST,
economy,
New York Times,
United States
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