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Japanese Finance Minister Shunichi Suzuki on Friday backed currency interventions by his country’s policymakers if the yen moved in sharp directions that started to impact households and companies. Speaking to reporters at the Asian Development Bank’s annual meeting in Tbilisi, Georgia, he said that it was desirable for exchange rates to move stably. “When ...
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Federal Reserve Governor Michelle Bowman said inflation will likely remain elevated for “some time,” but added she still anticipates price gains will eventually cool with interest rates held at current levels. Bowman, the first Fed official to speak since Chair Jerome Powell’s remarks Wednesday, said recent inflation data suggest the low readings seen at ...
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