Tag: economic
-
Rahm Emanuel, U.S. ambassador to Japan, warns of Chinese economic coercion
TOKYO (AP) — The United States is working with Japan and other like-minded countries to counter China’s efforts to use its economic might to force political change around the world, the U.S. ambassador to Japan said Tuesday in an interview with The Associated Press. Rahm Emanuel, who was previously mayor of Chicago and chief of…
-
Inflation ‘unacceptably high’ but ‘moving in the right direction,’ White House economic adviser says
A White House economic adviser conceded Sunday that inflation is “unacceptably high” but said it is being blunted by decreasing prices at the pump. Jared Bernstein, a member of the Council of Economic Advisers, noted that rising costs have forced Americans to dip into savings that were increased during the pandemic. “Inflation — which is…