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    Facebook signs letters of intent with 3 Australian media companies

    Facebook signs letters of intent with 3 Australian media companies

    Facebook has reached an agreement with the Australian government. Australian users will be able to read the news normally.

    Facebook has reached an agreement with the Australian government. Australian users will be able to read the news normally.

    Facebook CEO and Australian Treasury Minister reached an agreement

    Facebook CEO and Australian Treasury Minister reached an agreement

    Putin: Russia has handed over Russian vaccine production technology to Belarus

    Putin: Russia has handed over Russian vaccine production technology to Belarus

    Many classic animations in the United States have been labeled as "offensive content" by Disney.

    Many classic animations in the United States have been labeled as “offensive content” by Disney.

    Biden's nominated director of the health director, making $2.6 million during the pandemic

    Biden’s nominated director of the health director, making $2.6 million during the pandemic

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    Woods was involved in a car accident in a frequent area. U.S. officials requested a road section investigation.

    Woods was involved in a car accident in a frequent area. U.S. officials requested a road section investigation.

    South Korean sports scandal again: Men's volleyball players admit to bullying classmates and retire immediately

    South Korean sports scandal again: Men’s volleyball players admit to bullying classmates and retire immediately

    The president of the American baseball team resigned due to discriminatory remarks. He once suspected that the Japanese player's English was poor.

    The president of the American baseball team resigned due to discriminatory remarks. He once suspected that the Japanese player’s English was poor.

    New York City cinemas will welcome guests in March. The economy will reopen one step further.

    New York City cinemas will welcome guests in March. The economy will reopen one step further.

    Macron bet with French Internet celebrities: Click more than 10 million to shoot interesting videos together

    Macron bet with French Internet celebrities: Click more than 10 million to shoot interesting videos together

    Nine crowns! Djokovic swept Medvedov and won the Australian Open for the ninth time.

    Nine crowns! Djokovic swept Medvedov and won the Australian Open for the ninth time.

    American professor worried about the damage of the violin at low temperature and slept with his son hugging it.

    American professor worried about the damage of the violin at low temperature and slept with his son hugging it.

    Seiko Hashimoto, the new chairman of the Tokyo Olympic Organizing Committee, promised to promote reform and increase the proportion of female directors.

    Tokyo Olympic Organizing Committee Chairman Seiko Hashimoto applies to withdraw from Japan’s ruling Liberal Democratic Party

    Malaysian Open and other events have been postponed. The Tokyo Olympic points match will be extended by one month.

    Malaysian Open and other events have been postponed. The Tokyo Olympic points match will be extended by one month.

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    An outbreak of unknown diseases in the Democratic Republic of the Congo has killed 14 people.

    An outbreak of unknown diseases in the Democratic Republic of the Congo has killed 14 people.

    Okonjo-Iweala officially took office as Director-General of WTO

    Okonjo-Iweala officially took office as Director-General of WTO

    Transferred after 13 nights in hospital: 99-year-old Prince Philip of England is still receiving treatment

    Transferred after 13 nights in hospital: 99-year-old Prince Philip of England is still receiving treatment

    Tedros: Coronavirus vaccination is not a competition among countries

    Tedros: Coronavirus vaccination is not a competition among countries

    Paris mayor refuses weekend lockdown and supports opening public space

    Paris mayor refuses weekend lockdown and supports opening public space

    Confirmed and dead cases in Peru are on the decline. Tourism may recover from 2024.

    Confirmed and dead cases in Peru are on the decline. Tourism may recover from 2024.

    Variant COVID-19 infected person disappeared after entering the UK! Johnson was criticized: unforgivable incompetence

    Variant COVID-19 infected person disappeared after entering the UK! Johnson was criticized: unforgivable incompetence

    When can minors in the United States be vaccinated? Fauci gave this timetable.

    When can minors in the United States be vaccinated? Fauci gave this timetable.

    The U.S. CDC approved the use of Johnson & Johnson vaccine. The United Kingdom diagnosed a new Variant virus case for the first time.

    The U.S. CDC approved the use of Johnson & Johnson vaccine. The United Kingdom diagnosed a new Variant virus case for the first time.

    Former mayor of Amman, Jordan, Agre Bilta Gene died of COVID-19

    Former mayor of Amman, Jordan, Agre Bilta Gene died of COVID-19

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      Facebook signs letters of intent with 3 Australian media companies

      Facebook signs letters of intent with 3 Australian media companies

      Facebook has reached an agreement with the Australian government. Australian users will be able to read the news normally.

      Facebook has reached an agreement with the Australian government. Australian users will be able to read the news normally.

      Facebook CEO and Australian Treasury Minister reached an agreement

      Facebook CEO and Australian Treasury Minister reached an agreement

      Putin: Russia has handed over Russian vaccine production technology to Belarus

      Putin: Russia has handed over Russian vaccine production technology to Belarus

      Many classic animations in the United States have been labeled as "offensive content" by Disney.

      Many classic animations in the United States have been labeled as “offensive content” by Disney.

      Biden's nominated director of the health director, making $2.6 million during the pandemic

      Biden’s nominated director of the health director, making $2.6 million during the pandemic

      Trending Tags

      • Google
      • Apple
      • Microsoft
      • Xbox
      • Huawei
      • Science & Technology
    • Entertainment
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      Woods was involved in a car accident in a frequent area. U.S. officials requested a road section investigation.

      Woods was involved in a car accident in a frequent area. U.S. officials requested a road section investigation.

      South Korean sports scandal again: Men's volleyball players admit to bullying classmates and retire immediately

      South Korean sports scandal again: Men’s volleyball players admit to bullying classmates and retire immediately

      The president of the American baseball team resigned due to discriminatory remarks. He once suspected that the Japanese player's English was poor.

      The president of the American baseball team resigned due to discriminatory remarks. He once suspected that the Japanese player’s English was poor.

      New York City cinemas will welcome guests in March. The economy will reopen one step further.

      New York City cinemas will welcome guests in March. The economy will reopen one step further.

      Macron bet with French Internet celebrities: Click more than 10 million to shoot interesting videos together

      Macron bet with French Internet celebrities: Click more than 10 million to shoot interesting videos together

      Nine crowns! Djokovic swept Medvedov and won the Australian Open for the ninth time.

      Nine crowns! Djokovic swept Medvedov and won the Australian Open for the ninth time.

      American professor worried about the damage of the violin at low temperature and slept with his son hugging it.

      American professor worried about the damage of the violin at low temperature and slept with his son hugging it.

      Seiko Hashimoto, the new chairman of the Tokyo Olympic Organizing Committee, promised to promote reform and increase the proportion of female directors.

      Tokyo Olympic Organizing Committee Chairman Seiko Hashimoto applies to withdraw from Japan’s ruling Liberal Democratic Party

      Malaysian Open and other events have been postponed. The Tokyo Olympic points match will be extended by one month.

      Malaysian Open and other events have been postponed. The Tokyo Olympic points match will be extended by one month.

    • Lifestyle
      • All
      • Fashion
      • food
      • Health
      • Travel
      An outbreak of unknown diseases in the Democratic Republic of the Congo has killed 14 people.

      An outbreak of unknown diseases in the Democratic Republic of the Congo has killed 14 people.

      Okonjo-Iweala officially took office as Director-General of WTO

      Okonjo-Iweala officially took office as Director-General of WTO

      Transferred after 13 nights in hospital: 99-year-old Prince Philip of England is still receiving treatment

      Transferred after 13 nights in hospital: 99-year-old Prince Philip of England is still receiving treatment

      Tedros: Coronavirus vaccination is not a competition among countries

      Tedros: Coronavirus vaccination is not a competition among countries

      Paris mayor refuses weekend lockdown and supports opening public space

      Paris mayor refuses weekend lockdown and supports opening public space

      Confirmed and dead cases in Peru are on the decline. Tourism may recover from 2024.

      Confirmed and dead cases in Peru are on the decline. Tourism may recover from 2024.

      Variant COVID-19 infected person disappeared after entering the UK! Johnson was criticized: unforgivable incompetence

      Variant COVID-19 infected person disappeared after entering the UK! Johnson was criticized: unforgivable incompetence

      When can minors in the United States be vaccinated? Fauci gave this timetable.

      When can minors in the United States be vaccinated? Fauci gave this timetable.

      The U.S. CDC approved the use of Johnson & Johnson vaccine. The United Kingdom diagnosed a new Variant virus case for the first time.

      The U.S. CDC approved the use of Johnson & Johnson vaccine. The United Kingdom diagnosed a new Variant virus case for the first time.

      Former mayor of Amman, Jordan, Agre Bilta Gene died of COVID-19

      Former mayor of Amman, Jordan, Agre Bilta Gene died of COVID-19

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      Powell: The unemployment rate in the United States may be close to 10%. Inflation expectations are difficult to sustain.

      February 11, 2021
      in Business, Politics
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      Powell: The unemployment rate in the United States may be close to 10%. Inflation expectations are difficult to sustain.
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      The chairman of the Federal Reserve reiterated that the economy still needs stimulus support, and the labor market is still far from full recovery.

      Federal Reserve Chairman Powell said on Wednesday local time that the Federal Reserve will continue to support the U.S. economy through low interest rates and large purchase of assets. He stressed that the labor market is still affected by COVID-19.

      Speaking at the New York Economic Club that day, Powell reiterated his view that “patience and relaxed monetary policy stance” would be an important factor in restoring the economy to a healthy state, in which workers, especially low-income groups, can find jobs. The chairman of the Federal Reserve also called for the government to increase fiscal support for the economy.

      Monetary policy alone is not enough to restore the labor market to full vitality.” This will require the commitment of the whole society, including contributions from the government and the private sector. Many individuals and families need support in the new economic environment after the pandemic, as do small businesses, which will help them contribute and share the benefits of economic prosperity.” He said.

      The U.S. unemployment rate fell to 6.3% in January from 6.7% in December, the U.S. Department of Labor said Friday. In February 2020, before the outbreak of COVID-19, the unemployment rate in the United States was 3.5%, which was at a low in nearly 50 years.

      The updated economic outlook forecast of the Federal Reserve shows that most Fed officials expect the unemployment rate to be close to the level at the beginning of last year until 2023.

      To mitigate the impact of the epidemic, the Federal Reserve last year took a series of unconventional measures to stabilize the market and support the economy, cut short-term interest rates to near zero, launched a series of emergency loan programs, and purchased U.S. Treasury bonds and mortgage bonds on a large scale.

      The U.S. government has introduced two rounds of relief bills, and now the Biden administration and congressional Democrats are pushing forward a new round of $1.9 trillion stimulus plan, which has also aroused Republicans’ doubts about the high federal debt.

      Powell has previously said that the debt level of the United States is “far from unsustainable” and that it is better to support the economy too much than to do too little.

      In his speech Wednesday, Powell noted that since the outbreak, the Fed has been worried about the long-term impact of the virus on the labor market, while also weakening the economy’s ability to recover.” As can be seen from the previous expansion cycle, it may take many years to reverse this damage. He said.

      Powell said the current unemployment rate underestimates the actual impact of the epidemic, and if the statistics have left the labor market and those whose employment conditions are misclassified, the “real” unemployment rate may rise to nearly 10% in January.

      Data released this week by the New York Fed show that low-income groups have been the most affected during the current round of the epidemic, especially in jobs close relationships with others, such as bars, restaurants, shops, entertainment places and hotels.

      Larry Summers, a former U.S. Treasury Secretary, and many economists worry that excessive fiscal support for the economy will lead to an inflation outbreak, and they want the Biden administration to reduce the size of the relief package. Powell is not worried about this, believing that inflation will not rise “largely or continuously” at present.

      As the economy reopens, the price increase caused by the increase in spending is unlikely to continue. Over the past three decades, the inflation rate has been much lower and more stable than before.

      The chairman of the Federal Reserve said that a strong labor market is a worthwhile goal. There is still a long way to go before such a goal.” There is every reason to expect that the labor market could have strengthened further without causing a worrying inflation rise.

      My colleagues and I are firmly committed to doing everything we can to promote full employment.” He said.

      Powell defended the Fed’s monetary policy stance, reiterating that the Fed would not consider raising interest rates even if inflation temporarily exceeded 2%.

      He said the Fed needs to see “substantial progress” on employment and inflation targets before cutting the size of $120 billion a month in asset purchases.

      Tags: United States

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