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Bloomberg Markets
Federal Reserve Chairman Kevin Warsh is considering reducing the frequency of the central bank’s scheduled policy meetings, the New York Times reported Friday.
Warsh raised the proposal to change the frequency of meetings at this week’s gathering of the Federal Open Market Committee, the paper added.
Bloomberg Managing Editor Kate Davidson said changing the schedule would be the biggest change for Warsh. (Source: Bloomberg)
Bloomberg Markets
Bloomberg's David Gura and Hannah Elliott join Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the slowdown of EV sales in the US and the possible entry of China into the US market. (Source: Bloomberg)
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Bloomberg Markets
Bloomberg's Allison Schrager and David Gura join Scarlet Fu and Tom Keene on "Bloomberg Money." Schrager writes that "it is one of the great paradoxes of our time: Americans have never been richer — or more negative about the economy. More people are upper-middle class than ever, and even lower-income Americans are richer by almost every measure compared to previous generations. And yet more than three in five Americans say the economy is not working for them." (Source: Bloomberg)
Bloomberg Markets
New York City avoided a debt downgrade Friday by two major credit-rating companies, though both warned the city must take steps to narrow projected deficits or risk a cut — despite the current boom on Wall Street.
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Yahoo Finance