Tag: Federal Reserve
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US jobless rate at lowest since 1969
The US unemployment rate dropped to its lowest level for more than 49 years in April, according to official figures. The jobless rate fell from 3.8% to 3.6%, the US Labor Department said, the lowest since December 1969. However, the fall was due to a large number of people – 490,000 – leaving the labour force…
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Trump pick Stephen Moore drops out of Federal Reserve race
Another of Donald Trump’s picks for a seat on the Federal Reserve has dropped out of the running following fierce criticism of his views. The US president tweeted that Stephen Moore, “a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process”. It follows weeks of attacks on his…