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Mester sees gradual rate increases despite weak jobs data

  Bloomberg The Federal Reserve should raise interest rates gradually despite weak jobs data, Fed Cleveland Bank President Loretta Mester said. U.S. economic growth is picking up, inflation is moving toward target and the country is at full employment, Mester told reporters in Stockholm on Saturday. “I still believe that in order to achieve our monetary policy goals a gradual ...

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War of words escalates as Clinton knocks Trump

  San Bernardino / AFP Hillary Clinton launched stinging criticism of Donald Trump, even suggesting her likely Republican presidential opponent wants to be America’s “dictator,” as she proclaimed she will be the Democratic flag bearer once California votes next week. President Barack Obama lent his voice to the denunciation, saying Trump’s aggressive posture towards immigrants, Muslims and women is “feeding ...

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Ex-UK Labour leaders urge pro-EU vote

  London / AFP Former leaders of Britain’s main opposition Labour on Saturday urged supporters to vote in favour of EU membership at this month’s referendum. Six senior figures including Tony Blair and Gordon Brown said that, unless the party’s supporters turned out to vote on June 23, there was a risk of Brexit. Current Labour leader Jeremy Corbyn has ...

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