US Federal Reserve to maintain restrictive policy

(FILE)- US Federal Reserve Board Chairman Jerome Powell responds to a question from the news media during a press conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC, USA, 22 March 2023. EFE/EPA/SHAWN THEW

New York, Oct. 19 (EFE) – United States Federal Reserve (Fed) President Jerome Powell reiterated Thursday the intention to achieve a sufficiently restrictive policy to sustainably reduce inflation to 2% over time. Speaking at the Economic Club of New York on Thursday, Powell delivered a cautious speech that followed the script of previous ones. Powell … Read more

US to provide cluster munitions to Ukraine

US National Security Adviser Jake Sullivan briefs reporters at the White House in Washington on 7 July 2023. EFE/EPA/SHAWN THEW

Washington, Jul 7 (EFE).- President Joe Biden’s administration said Friday that the United States government it will supply Ukraine with cluster munitions for use against Russian invaders, a move opposed by the United Nations, Human Rights Watch and even NATO allies such as Germany. “We recognize that cluster munitions create a risk of civilian harm … Read more

Beijing accuses US of undermining global peace, condemns AUKUS submarine deal

(L-R) Australian Prime Minister Anthony Albanese, US President Joe Biden and United Kingdom Prime Minister Rishi Sunak hold a press conference at the Naval Base Point Miramar in San Diego, California, USA, 13 March 2023. EFE/EPA/ETIENNE LAURENT

Washington/Beijing, Mar 14 (EFE).- China on Tuesday accused the United States, the United Kingdom and Australia of undermining global peace and stability, a day after the trio unveiled a plan to acquire and develop nuclear-powered submarines. The submarine deal is part of the AUKUS trilateral security pact, signed in September 2021 to counter Beijing’s growing … Read more

Beijing raises tone, accuses US of ‘creating crises’ to ‘contain’ China

Chinese Foreign Minister Qin Gang attends a joint press conference with Egyptian foreign minister in Cairo, Egypt, 15 January 2023. EFE/EPA/KHALED ELFIQI/FILE

By Jesus Centeno Beijing, Mar 7 (EFE).- China denied Tuesday having sold arms to Russia, said its close relationship with Moscow is not a threat to other countries and panned the United States during the first public press appearance of new Foreign Minister Qin Gang. Qin, who took office in December, gave a nearly two-hour … Read more