Powell says Fed will keep supporting economy ‘for as long as it takes’
Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration o
AI Replaces Job, Man Demoted and Dismissed: Court Rules in Landmark Case
A man surnamed Zhou, who worked as a supervisor at a company, was demoted and had his salary reduced on the grounds that his "work could be replaced by AI (Artificial Intelligence)," and was...