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World 15 Jan 2021 | 6:21 AM

U.S. Fed chair says be careful not to prematurely discuss exiting easy monetary policy

WASHINGTON, Jan. 14 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell said on Thursday that the Fed should be careful not to prematurely discuss an exit from ultra-easy monetary policy as the U.S. economy is "far from" the central bank's goals.

World 15 Jan 2021 | 3:54 AM

Roundup: U.S. weekly jobless claims soar to nearly 1 million amid COVID-19 spikes

WASHINGTON, Jan. 14 (Xinhua) -- Initial jobless claims in the United States soared to 965,000 last week, indicating severe disruption to the labor market recovery by COVID-19 spikes, the Labor Department reported Thursday.

World 14 Jan 2021 | 4:07 AM

Gold up on inflation concern

CHICAGO, Jan. 13 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday on inflation concern.

World 14 Jan 2021 | 3:47 AM

U.S. business optimism tempered by concern over recent COVID-19 spikes: Beige Book

WASHINGTON, Jan. 13 (Xinhua) -- U.S. business optimism for growth has been "tempered" by concern over the recent COVID-19 resurgence, the Federal Reserve said in its latest Beige Book released on Wednesday.

World 14 Jan 2021 | 3:47 AM

U.S. Fed official says current pace of asset purchases appropriate for quite some time

WASHINGTON, Jan. 13 (Xinhua) -- A senior U.S. Federal Reserve official said on Wednesday that the central bank's current pace of asset purchases will remain appropriate "for quite some time" as the economy slowly recovers from the COVID-19 pandemic.

World 08 Jan 2021 | 6:33 AM

U.S. economy faces significant slowdown in first quarter: Fed official

WASHINGTON, Jan. 7 (Xinhua) -- The U.S. economy will likely experience a significant slowdown or even a contraction in the first quarter of 2021, a senior Federal Reserve official said Thursday.