The US Federal Reserve said recent hurricanes are "inflicting severe hardship" but that the economic impact will likely only be short-term

Trump Likely to Choose Powell and Taylor for Top Fed Roles

President Donald Trump is leaning toward appointing both Standford University economist John Taylor and former investment Jerome “Jay” Powell to top positions at the Federal Reserve, according to people familiar with the president’s thinking.

uk migration If immigration to Britain continues at the present rate, the country will need to build the equivalent of three cities the size of Birmingham in the next five years to cope wages

Guardian: Mass Migration Pushing UK Wages Down

The growth in wages for UK workers is set to stall at just two per cent next year thanks to the large number of migrant workers waiting to fill vacancies, the Guardian has admitted. Referring to data from the Chartered

Janet Yellen

U.S. Job Losses: No Evidence Low Interest Rates Offset Obama High Taxes

Investors anxiously await Federal Open Market Committee (FOMC) minutes, like the details of the April 28-29 meeting released Friday. But despite the Fed’s monetary policy purchase of $4 trillion in bonds to drive interest rates to near zero, Fed Chairman