The Federal Reserve Kept Interest Rates Near Zero and Maintained Asset Purchases


CITY OF WASHINGTON, D.C. (June 17, 2021)---  today  Federal Reserve Chair Jerome H. Powell released the Federal Reserve statement regarding the interest rates. The Federal Open Market Committee kept interest rates near zero and maintained our asset purchases. These measures, along with our strong guidance on interest rates and on…

World Bank-UNICEF Survey Finds Inequality Has Likely Increased in PNG, with Bottom 40% Hit Hardest by Latest Outbreak


PORT MORESBY, June 17, 2020 – A joint World Bank and UNICEF report based on mobile phone surveys of Papua New Guinean families has found that while there was a slight recovery in employment between June and December 2020, people in the bottom 40% of wealth distribution remain the hardest hit…