Kremlin Says Russia Discusses Pegging Ruble to Gold, Commodities
Bank of Russia Governor Elvira Nabiullina dismissed the idea of pegging the ruble to gold after the Kremlin said it was a proposal under consideration.
Russia halts gas supplies to Poland and Bulgaria
Europe should stop depending on Russia for trade after Moscow halted gas supplies to Bulgaria and Poland for not paying in roubles, Ukraine said, as the shutoff exposed the continent's weaknesses and divisions on Wednesday.
LABOR MARKET VIEW ON THE RISKS OF A U.S. HARD LANDING
This paper uses historical labor market data to assess the plausibility that the Federal Reserve can engineer a soft landing for the economy. Our results suggest a very low likelihood that the Federal Reserve can reduce inflation without causing a significant slowdown in economic activity.
Yellen says more shocks likely to 'challenge the economy'
WASHINGTON (AP) — Treasury Secretary Janet Yellen said Thursday the global pandemic and Russia’s invasion of Ukraine highlight the possibility of big economic shocks in the future, adding that downturns are “likely to continue to challenge the economy.”
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