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Fed Vice Chair sees high rates 'for some time' to cool prices
Fed Vice Chair sees high rates 'for some time' to cool prices
by  AFP

Interest rates will need to remain high for some time even as inflation eases, Federal Reserve Vice Chair Lael Brainard said Thursday, vowing the central bank plans to "stay the course" in fighting price increases. "Even with the recent moderation, inflation remains high, and policy will need to be sufficiently restrictive for some time," Brainard said in prepared remarks for an event in Chicago.

Uber drivers in top Mexican resort hope for easier ride after ruling
Uber drivers in top Mexican resort hope for easier ride after ruling
by  AFP

Uber drivers in Mexico's Caribbean resort of Cancun hope that a legal ruling in their favor will end alleged long-running threats and intimidation by taxi operators. The ruling also authorizes Uber to operate in the popular resorts of Playa del Carmen and Tulum.

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