The News Jerome Powell came in hot yesterday, as central bankers go: Flatlining job growth is “what the economy needs” given “nonexistent growth in the labor force, which we’ve never had in our history,” he said yesterday. “That is balance [but] not a really comfortable balance.” It was a remarkable ...
Category: Semafor
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Saudi Arabia touts ‘capabilities’ in warning to IranSaudi Arabia touts ‘capabilities’ in warning to Iran
Gulf patience is not unlimited. This was the main takeaway from an overnight press briefing by Saudi Foreign Minister Prince Faisal bin Farhan, after he hosted his counterparts from the Gulf and the wider region in Riyadh. The kingdom was under fire as they met, with the loud booms of ...