The chief economic adviser for financial services firm Allianz warned that the new coronavirus variant Omicron could shake up the markets, exacerbate supply chain woes, amplify record-high inflation pressures — and possibly result in 1970s-style “stagflation.”
"I hereby formally invite Mike, Joe, Sidney, and Patrick...for a face-to-face meeting so that we can amicably discuss the 'war' between us and search for a peaceful resolution."
President Joe Biden has picked Federal Reserve Chair Jerome Powell to serve a second four-year term at the helm of the central bank, while nominating Lael Brainard, the only Democrat on the Fed’s seven-member board, to serve as second-in-command at the Fed.
Ohio Republicans introduced a bill on Wednesday that calls for a total ban on abortions in the state, reaching farther than the Texas “heartbeat” law that is currently under examination by the Supreme Court.