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New US Fed governor says rates should be around 'mid-2%'
New US Fed governor says rates should be around 'mid-2%'
Economy
by  AFP

The US Fed governor newly appointed by President Donald Trump argued Monday for significantly lower interest rates, signaling that concerns over inflation may be overblown. But underscoring policymakers' different considerations, St Louis Fed President Alberto Musalem cautioned in a separate speech Monday of risks that above-target inflation could be more persistent than desirable.

US mulls economic lifeline for ally Argentina
US mulls economic lifeline for ally Argentina
Economy
by  AFP

The US Treasury said Monday it stood ready to "do what is needed" to support Argentina's economy, as President Javier Milei battles to calm jittery financial markets. Milei thanked Washington for its "unconditional support for the Argentine people."