• Central Bankers Have Crossed Bright Lines to Aid Economies

    Central Bankers Have Crossed Bright Lines to Aid Economies0

    “The government is handing out $100 bills when there is nowhere open to spend them,” Mr. Harvey wrote in a recent article. He pointed out that food prices were already rising sharply in Britain, which he attributed to “more money chasing after significantly fewer goods and services.” But the prevailing view among economists is that

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  • Global central bankers say fiscal aid crucial in new phase of pandemic battle

    Global central bankers say fiscal aid crucial in new phase of pandemic battle0

    By Howard Schneider, Balazs Koranyi (Reuters) – Top U.S. and European central bankers on Tuesday called for renewed government spending to support families and businesses as the battle against the coronavirus-triggered recession enters a newly critical phase. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies during a Senate’s Committee on Banking, Housing, and Urban

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  • States fitfully begin processing renewed federal aid to the jobless.

    States fitfully begin processing renewed federal aid to the jobless.0

    Several states say they are moving quickly to restore federal unemployment benefits that lapsed last month when President Trump delayed signing a second round of federal pandemic relief. A handful, including New York, Texas, Maryland and California, say they have started sending out the weekly $300 supplement that was part of the legislation, while others

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