Strategy

Vocal critics of the US pandemic response are emerging: central bankers

Presidents of Federal Reserve Banks in major American cities are speaking out about the poor federal response to the pandemic, saying that it eliminates any potential of a quick economic recovery. The president of the San Francisco Federal Reserve said on Wednesday that the economy may never recover from the […]
Vocal critics of the US pandemic response are emerging: central bankers
Markets

Robots are shrinking American paychecks

A new study has shown that robots are lowering the wages of American workers. Two economists from the Federal Reserve of San Francisco have found that in the last two decades, the portion of national income going to workers has declined – meaning that wages are suffering. The economists found […]
Robots are shrinking American paychecks