Tag: Powell
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Powell Signals More Rate Cuts as US Job Market Cools
Overview: Powell Ignores a Cooling Jobs Market as It Pushes for Policy Easing Federal Reserve Chair Jerome Powell signalled a readiness to consider another quarter-point cut to U.S. borrowing costs as the labor market shows fresh signs of cooling. Speaking in Philadelphia, Powell warned that downside risks to employment have risen, a clear indication that…
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Senior minister says Jonathan Powell had no role in China spy case drop
Background: A high-stakes national security case The prosecution of two British men accused of spying for China appeared to collapse in September, prompting intense scrutiny of government decision-making and the role of key officials. The case, centered on allegations of providing Westminster-related information to Beijing’s leadership, raised questions about how the UK defines China in…
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Powell and Phillipson clash over Labour’s deputy leadership and the path to change
Closing speeches set the tone for Labour’s deputy leadership race As Labour’s annual conference drew to a close, the party’s deputy leadership contest took centre stage. The two candidates, Lucy Powell and Bridget Phillipson, faced questions from members as they framed the election as a choice about Labour’s future direction. Powell, who was sacked from…
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Powell vs Phillipson: Labour deputy leadership and division risk
Powell and Phillipson at the Labour conference hustings As Labour’s annual conference edges toward its closing speeches, the party finds itself debating not just public policy but the leadership dynamics that could shape its path for years. The two candidates vying for the deputy leadership, Lucy Powell and Bridget Phillipson, used the hustings to frame…
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Trump v Fed: Supreme Court Halts Lisa Cook Dismissal
Overview The U.S. Supreme Court has temporarily blocked an effort by former President Donald Trump to remove Federal Reserve Governor Lisa Cook from the central bank’s board. In a brief, unsigned order, the Court said it would hear arguments in January on Trump’s attempt to force Cook out, allowing her to remain in office in…
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Powell Labour deputy leader: Unity vs division warned
The central clash at Labour’s conference: unity or division As Labour’s annual conference moves into its closing speeches, the race for the party’s deputy leadership between Lucy Powell and Bridget Phillipson has crystallised into a defining question for the party: will Powell’s candidacy anchor Labour in a new era of unity with backbench voices at…