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Fed official warns out of whack markets threaten to blunt monetary policy

Fed official warns out of whack markets threaten to blunt monetary policy

A dysfunction in financial markets risks undermining the effectiveness of the Federal Reserve’s monetary tightening tools, a senior U.S. central bank official has warned, amid growing calls for sweeping reforms to the $24 billion Treasury market. dollars. Speaking at an annual Treasury market conference on Wednesday, New York Fed Chairman John Williams stressed the need …

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Droughts and rising seas threaten Cuban agriculture

Droughts and rising seas threaten Cuban agriculture

By MEGAN JANETSKY November 12, 2022 GMT https://apnews.com/article/business-cuba-caribbean-droughts-economy-be688d051fc0c9f4bab6bd9c72d7c205 BATABANO, Cuba (AP) — Yordán Díaz Gonzales pulled weeds from his fields with a tractor until Cuba’s summer rainy season turned them to feet-deep red mud. Now it takes five farmhands to tend to Díaz’s harvest. This squeezes Diaz’s profit margin and diminishes Cuba’s agricultural productivity, already …

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