The Fed will need a "big dose of patience in the summer," she added, as inflation likely picks up sharply but temporarily
In a statement, the central bank said it was cutting rates by a half percentage point to a target range of 1.00 per cent to 1.25 per cent
Redistribution from the bottom to the top reduces aggregate demand, because those at the top spend a smaller fraction of their income than those below
Simons said an agreement between the FTC and the Justice Department to divide scrutiny of the tech industry is based on specific conduct, not on the companies themselves
A US federal agency has tied up with an Indian engineering consultancy services firm to advance the adoption, use and research on commercial scale coal gasification and develop carbon capture storage and utilisation technologies in India. Through its partnership with MN Dastur & Co, a premier consulting firm in the metals, mining and energy sector, the US Department of Energy and its National Carbon Capture Center (NCCC) envisions to accelerate the participation of government of India institutions and the Indian private and state enterprises in the development and commercialisation of technologies to reduce greenhouse gas emissions, a media release said yesterday. As part of the agreement, the NCCC will offer knowledge sharing by its world-class neutral test centre to advance carbon capture technologies relevant to the Indian context, which could then be implemented by the private and state enterprises in India, it said. "Economically attractive hyper-scale coal gasification based