“I think it’s highly unlikely that we would raise rates anything like this year,” Powell told “60 Minutes” in a broadcast Sunday evening.
A global semiconductor shortage and tensions with China have bolstered U.S. scrutiny of the supply chain and created a drive to regain leadership.
Buying Nuance could bolster Microsoft’s assets in voice software, where it already has technology for developers.
The U.S. economy is at a turning point thanks to government support and a speedy campaign to inoculate Americans against Covid-19, Jerome Powell said.
Even as store traffic and vaccinations pick up, the global health crisis will continue to shape consumers’ mindset and their purchases.
The settlement will allow plants in Georgia to move forward with plans to produce batteries for Ford and Volkswagen.
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