Key speech to be delivered this week at Jackson Hole said to focus on productivity and demographics in the US. Plus, how do you vaccinate 1,000 little penguins in the wild?<\/p>\n
Good morning. The new US Federal Reserve chair, Kevin Warsh, faces a critical test this week<\/a> amid anxiety in government bond markets over inflation and Donald Trump\u2019s tax and spending plans. As the world\u2019s most powerful central bank prepares for its annual Jackson Hole conference, analysts said bond traders would be looking for signals from Warsh over its commitment to fighting inflation.<\/p>\n However, Warsh has signalled reluctance to use his speech on Friday for the \u201cmore traditional setup\u201d of dropping hints over how the US central bank may respond to inflationary pressures when its officials next meet to set interest rates in September and December. Instead, he has said his Jackson Hole speech could be \u201cfocused on bigger questions\u201d, including concerns over productivity and demographics.<\/p>\n Why is this a crucial moment for the Fed? <\/strong>The gathering of the world\u2019s most powerful central bankers in the Grand Teton national park is a blue riband event in the financial calendar. However, the meeting comes as selling pressure intensifies in the $30tn US government debt market despite efforts by the Treasury secretary, Scott Bessent, to assuage investor worries after he committed to at least double Washington\u2019s purchases of US Treasury bonds.<\/p>\n What did Joshua Aviles say about his father\u2019s arrest?<\/strong> \u201cI\u2019ve been deployed for over nine months, out \u2060at sea in the Middle East aboard the USS Abraham Lincoln, fighting for a country \u200bthat has given me everything. I just got a call that my dad \u200cwas taken by ICE. We have done everything through immigration to get his green card approved, and we are just waiting. This is heartbreaking for me. I don\u2019t know how I can mentally continue working 12+ hour days \u200cknowing that my dad is somewhere, possibly being treated like a criminal.\u201d<\/p>\n How did the DHS respond?<\/strong> The DHS said Luis Manuel Aviles Roa \u200bentered the US illegally and would remain in immigration and customs enforcement detention pending removal proceedings. \u201cHaving a family member in the military is not a free pass to violate our nation\u2019s laws,\u201d the DHS said.<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Key speech to be delivered this week at Jackson Hole said to focus on productivity and demographics in the US. Plus, how do you vaccinate 1,000 little penguins in the wild? Good morning. The new US Federal Reserve chair, Kevin Warsh, faces a critical test this week amid anxiety in government bond markets over inflation … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-77816","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/77816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=77816"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/77816\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=77816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=77816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=77816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}