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US Senate panel advances nomination of Trump's Fed governor pick
US Senate panel advances nomination of Trump's Fed governor pick
Business and Economy
by  AFP

A US Senate committee on Wednesday advanced the nomination of President Donald Trump's choice to join the Federal Reserve board, despite concerns that he might not resign from the White House even if confirmed. Stephen Miran, who chairs the White House Council of Economic Advisers (CEA), passed the Senate Banking Committee's vote by 13-11, with Democratic lawmakers opposing the advancement.

US producer inflation unexpectedly falls in first drop since April
US producer inflation unexpectedly falls in first drop since April
Business and Economy
by  AFP

US producer prices unexpectedly fell in August, government data showed Wednesday, driven in part by a pullback in energy and trade -- and prompting President Donald Trump to renew calls for lower interest rates. He reiterated his calls for Federal Reserve Chair Jerome Powell to lower rates "right now," calling the central bank chief "a total disaster."