Biden keeps Powell as U.S. Fed chair, names Brainard vice chair - BNN Bloomberg

Biden keeps Powell as U.S. Fed chair, names Brainard vice chair - BNN Bloomberg: President Joe Biden selected Jerome Powell for a second four-year term as U.S. Federal Reserve chair and elevated Governor Lael Brainard to vice chair, maintaining consistency at the central bank as it grapples with the fastest inflation in three decades and the lingering effects of the coronavirus.

Biden Reminded Xi He Voted for Taiwan Law During Summit - BNN Bloomberg

Biden Reminded Xi He Voted for Taiwan Law During Summit - BNN Bloomberg: U.S. President Joe Biden reminded Chinese President Xi Jinping that he voted as a senator to support Taiwan’s self-defense when the two discussed the island in a virtual summit Monday, National Security Adviser Jake Sullivan said.

Powell risks rerun of 1960s inflation from confusing jobs market - BNN Bloomberg

Powell risks rerun of 1960s inflation from confusing jobs market - BNN Bloomberg: In the late 1960s, U.S. economic policy makers misjudged how hot they could run the jobs market without fanning inflation. The miscue paved the way for an economically debilitating wage-price spiral the following decade.

Mystery of Who Invented Bitcoin Hangs Over Scientist’s Trial - BNN Bloomberg

Mystery of Who Invented Bitcoin Hangs Over Scientist’s Trial - BNN Bloomberg: Cryptocurrency enthusiasts may be disappointed if they’re expecting a three-week trial in Miami federal court to finally establish the true identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin.But curiosity seekers will nonetheless be drawn to watch Australian computer scientist Craig Wright, the self-described inventor of Bitcoin, defend himself against claims that he swindled the estate of a deceased Florida man of its share of some $65 billion of the peer-to-peer currency and int