POWELL CALLS FOR FASTER GLOBAL VACCINATION
The sluggish progress of Covid-19 vaccination outside the U.S. is a key threat to the economic outlook, Federal Reserve Chairman Jerome Powell said Thursday, echoing calls to address the widening disparity between rich and poor nations. While the U.S. is on track to vaccinate three-fourths of its population by late June and other wealthy countries […]
RBA: REGULATORY AUTHORITIES ARE WATCHING HOUSE-PRICE GROWTH CAREFULLY
SYDNEY–The Reserve Bank of Australia said Friday that it was alert to a sharp surge in house-price growth in recent months, adding that regulators are watching the situation closely. The central bank’s latest report card on financial stability said that with interest rates low around the world, “risks associated with asset prices and debt could […]