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- Lael Brainard, President Joe Biden's nominee to be Vice Chair of the Federal Reserve, speaks during an event in the South Court Auditorium on the White House complex in Washington on Nov. 22, 2021. The Senate Banking Committee approved Brainard's nomination to serve as the Fed's vice chair on Wednesday, March 16, 2022. (AP Photo/Susan Walsh, File)
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Fed casting its inflation fight as battle against inequality
By CHRISTOPHER RUGABER - AP Economics Writer
Thu,04/07/22-2:38PM , 152 Reads
WASHINGTON (AP) — As the Federal Reserve intensifies its efforts to tame high inflation, its top officials are casting their aggressive drive in a new light: As a blow against economic inequality.
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- President Joe Biden speaks at the North America's Building Trades Unions (NABTU) Legislative Conference at the Washington Hilton in Washington, April 6, 2022. The U.S. economy faces plenty of threats: War in Ukraine, high grocery bills, spiking gasoline prices, splintered supply chains, the lingering pandemic and rising interest rates that slow growth. The Biden White House is betting the U.S. economy is strong enough to withstand these threats, but there are growing fears of a coming economic slump among voters and some Wall Street analysts. (AP Photo/Carolyn Kaster, File)
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Biden bets strong job market will shield economy from slump
By JOSH BOAK - Associated Pres
Thu,04/07/22-1:46PM , 285 Reads
WASHINGTON (AP) — The U.S. economy faces plenty of threats: War in Ukraine, high grocery bills, spiking gasoline prices, splintered supply chains, the lingering pandemic and rising interest rates that slow growth.
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- A refinery is illuminated in Gelsenkirchen, Germany, Tuesday evening, April 5, 2022. European governments were poised to ban on Russian coal imports despite the near-certainty of higher utility bills and inflation. But the limited energy sanction only underlined inability to agree on a much more sweeping ban on oil and gas that would hit Russia much harder but risk inflation and recession at home. (AP Photo/Martin Meissner, File)
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Europe agrees to ban Russian coal, but struggles on oil, gas
By THE ASSOCIATED PRESS
Thu,04/07/22-6:48AM , 47 Reads
The European Union nations have agreed to ban Russian coal in the first sanctions on the vital energy industry over the war in Ukraine, but it has underlined the 27 countries' inability to agree so far on a much more sweeping embargo on oil and natural gas that would hit Russia harder but risk
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- In this photo provided by the New York Stock Exchange, a pair of traders work on the floor, Thursday, April 7, 2022. Stocks shifted between small gains and losses in morning trading on Wall Street Thursday as investors continue weighing the latest updates from the Federal Reserve amid concerns about rising inflation. (David L. Nemec/New York Stock Exchange via AP)
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Asian shares mostly lower after tepid gains on Wall Street
By YURI KAGEYAMA - AP Business Writer
Thu,04/07/22-1:00AM , 239 Reads
TOKYO (AP) — Asian shares were mostly lower Friday as investors eyed the war in Ukraine and what the world's central banks might do to keep inflation in check.

Benchmarks fell in Tokyo, Seoul, Hong Kong and Shanghai, while Sydney advanced. Oil prices retreated.
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