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Powell's Year of Living Patiently, U.S.-China Policing
Fed officials signaled they’re prepared to move interest rates higher or lower as needed, but an unusual mix of risks means they could remain on hold all year; Treasury Secretary Steven Mnuchin insisted he was right to recommend Jerome Powell as Fed chief • The U.S. and China have agreed to open “enforcement offices” as a way to make sure each side lives up to the terms of a trade deal • Prime Minister Scott Morrison called Australia’s election for May 18, with polls showing he faces a battle to retain office. Even though his economy is slowing, the stock market isn’t • China’s year-long campaign of ... (full story)