Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C, United States on March 21, 2022.Yasin Ozturk | Anadolu Agency | Getty ImagesThe Federal Reserve is tasked with slowing the U.S. economy enough to control inflation but not so much that it tips into recession.Financial…
Streets in Tianjin, China, empty out on Jan. 10, 2022, as the city enters partial lockdown following a spike in omicron cases.Geno Hou | Future Publishing | Getty ImagesCovid lockdowns, quarantines and restrictions are causing a backlog in some of China’s major ports, resulting in “chaos” and pushing up air freights by as much as…
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