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Before his career as economics professor, Goodfrien

in News 27.02.2019 01:57
von zhouyueyue • 1.039 Beiträge

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WASHINGTON, Jan. 23 (Xinhua) -- U.S. Federal Reserve Governor nominee Marvin Goodfriend said on Tuesday that the current Fed policy is "more or less on the right path Nike Air Force 1 Rosse Scontate ," suggesting that he might support the current pace of gradual monetary normalization.


Goodfriend made the remarks at his nomination hearing at the Senate Banking, Housing and Urban Affairs Committee.


Goodfriend, an economics professor at Carnegie Mellon University, has warned of the risks of rising inflation although the unemployment rate remained at high levels.


On Tuesday, he defended his view on inflation Nike Air Force 1 Bianche Scontate , saying that "the essence of Federal Reserve's position to stimulate the economy was based on years of generated credibility for anchoring long-run inflation... to drive unemployment down."


Goodfriend expected inflation to rise to the central bank's 2-percent target "in a year or so."


Personal consumption expenditure price index, an inflation gauge preferred by the Fed, rose 1.8 percent in November last year, higher than the 1.6-percent growth in the previous month.


He expressed regret for calling the Fed's dual unemployment and inflation goals "incoherent," saying he supported the dual mandate.


In November last year Nike Air Force 1 Nere Scontate , President Donald Trump nominated Goodfriend for the post of the governor of the Federal Reserve Board.


Before his career as economics professor, Goodfriend was senior economic advisor at the Reagan administration and director of research at the Federal Reserve Bank of Richmond.




BRUSSELS, Jan. 24 (Xinhua) -- The European Union (EU) has finedU.S. smartphone chip supplier Qualcomm 997 million euros (1.23billion U.S. dollars) for abusing its market dominance, as itsactions were found illegal under EU anti-trust rules, the EuropeanCommission said on Wednesday.


Qualcomm is the world's largest supplier of long-term evolution(LTE) baseband chipsets Nike Air Force 1 Alte Scontate , which enable smartphones and tablets toconnect to cellular networks and are used both for voice and datatransmission.


The Commission said Qualcomm illegally shut out rivals from themarket for LTE baseband chipsets for over five years, therebycementing its market dominance.


"Qualcomm paid billions of U.S. dollars to a key customer,Apple, so that it would not buy from rivals," said MargretheVestager Nike Air Force 1 Basse Scontate , EU commissioner in charge of competition policy.


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