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US economy at ‘inflection point’, says Fed chief

US economy at ‘inflection point’, says Fed chief

Fed chief Jerome Powell echoed both his recent optimism about the economy and a warning that the COVID-19 pandemic had not yet been fully defeated.

  • by Dan Burns and Howard Schneider

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Power grid can be rid of coal ‘without price rises, outages’

Power grid can be rid of coal ‘without price rises, outages’

New modelling has challenged the long-held claim that keeping coal-fired plants running is key to ensuring affordable and reliable electricity.

  • by Mike Foley and Nick Toscano
China’s dilemma: Growing old before it becomes rich and powerful
Opinion
Ageing

China’s dilemma: Growing old before it becomes rich and powerful

It faces a multitrillion-dollar bill or an overhaul of its fertility and retirement systems.

  • by Eryk Bagshaw
Ballooning global debts need to be restructured before it is too late

Ballooning global debts need to be restructured before it is too late

The world is in a monstrous fiscal bind. Countries can either keep spending beyond their means to repair the economic damage left by COVID-19; or they can try to bring their ballooning debts under control.

  • by Ambrose Evans-Pritchard
After pandemic ‘this will be a different economy’, says Fed’s Powell

After pandemic ‘this will be a different economy’, says Fed’s Powell

The US economy, boosted by quickening vaccinations, is headed toward a strong recovery, Federal Reserve chair Jerome Powell says. But when it comes back, it won’t be the same.

  • by Christopher Rugaber
The cash conundrum: There’s more money around, but it changes hands less often
Opinion
Inflation

The cash conundrum: There’s more money around, but it changes hands less often

Since the 1980s, the supply of money has been increasing but its velocity has decreased, resulting in less productive investment and a dramatic increase in financial speculation.

  • by Stephen Bartholomeusz
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Janet Yellen sees Biden tax plan bring back $2.6t in overseas profits

Janet Yellen sees Biden tax plan bring back $2.6t in overseas profits

US Treasury Secretary Janet Yellen said the new corporate tax code would remove incentives for companies to shift investments and profit overseas and pay for Biden’s eight-year spending push on infrastructure, green investments and social programs.

  • by Christopher Condon and Laura Davison
JPMorgan chief Jamie Dimon says economic boom ‘could easily run into 2023’

JPMorgan chief Jamie Dimon says economic boom ‘could easily run into 2023’

Wall Street’s most prominent banker predicts a Goldilocks moment for the world’s largest economy where growth is fast and sustained while inflation ticks up gently.

  • by Hannah Levitt
Fixing childcare would be a start on PM’s women problem
Opinion
Childcare

Fixing childcare would be a start on PM’s women problem

A healthier economy? Happier families? More empowered women? The Morrison government can deliver all this with a massive injection of funding into childcare.

  • by Jessica Irvine
First home buyer boom masks a much bigger problem

First home buyer boom masks a much bigger problem

Let’s not pretend the recent surge in first home buyers - as encouraging as it is - will meaningfully change the downward trend in home ownership.

  • by Clancy Yeates
Biden’s tax plan could get Mathias Cormann off to a flying start at the OECD

Biden’s tax plan could get Mathias Cormann off to a flying start at the OECD

The prospect of a global agreement on a minimum corporate tax rate this year has been strengthened by the US government’s search for revenue to fund its $2.9 trillion infrastructure investments.

  • by Stephen Bartholomeusz