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Today — 8 November 2024Main stream

China Reveals $1.4 Trillion Plan to Bail Out Local Governments

8 November 2024 at 18:34
The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy.

© Qilai Shen for The New York Times

Despite economic challenges, China’s leaders avoided major interventions until late September, when they eased borrowing for households and companies, favoring state-led growth over direct consumer stimulus.

Jerome Powell Dismisses Idea of Trump Firing Him

8 November 2024 at 05:13
Jerome H. Powell, the chairman of the central bank, has been a frequent target of the president-elect, who appointed him in 2018.

© Annabelle Gordon/Reuters

Jerome Powell, the chairman of the Federal Reserve, speaking in Washington on Thursday after the central bank lowered interest rates by a quarter of a percentage point.
Yesterday — 7 November 2024Main stream

Trump’s 2nd-Term Agenda Could Transform Government and Foreign Affairs

The president-elect could reshape government and may dramatically transform foreign and domestic policy in a second term.

© Haiyun Jiang for The New York Times

Without establishment Republicans and military veterans surrounding him, President-elect Donald J. Trump could find it easier to move ahead with his plans, particularly if his party wins the House.

What Trump’s Win Means for the Federal Reserve and Jerome Powell

7 November 2024 at 18:04
Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?

© Tom Brenner for The New York Times

President-elect Donald J. Trump elevated Jerome H. Powell, the Fed chair, to his current role in early 2018, but later soured on Mr. Powell and considered trying to fire or demote him.

Fed Cuts Interest Rates by a Quarter Point, but the Path Ahead Is Less Clear

8 November 2024 at 05:49
The Federal Reserve is reducing rates in response to cooling inflation. Donald Trump’s presidential victory has pumped up uncertainty.

© Kent Nishimura/Getty Images

Before yesterdayMain stream

China Stocks Surge After Government Measures to Boost Economy

The government has fired up investors by encouraging banks to lend more to buyers of stocks and real estate, but officials refrained on Tuesday from promising more stimulus.
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