21st June 2022

  • Summers Says US Needs 5% Jobless Rate for Five Years to Ease CPI

Ex-Treasury secretary supports abandoning forward guidance

Fears US faces elements of secular stagflation and stagnation

https://blinks.bloomberg.com/news/stories/RDSI5LT0AFB7

  • Biden Says US Recession Avoidable After Call With Summers

Changing Medicare, cutting insulin costs on the table, he says

White House, Democrats in talks on inflation-fighting laws

https://blinks.bloomberg.com/news/stories/RDS8NET0G1L3

  • Yellen Says ‘Stay Tuned’ for Word on Russian Oil Price-Cap Plan

Cap could work through an exception to EU’s insurance ban

Says Keystone wouldn’t solve short-term energy-price woes

https://blinks.bloomberg.com/news/stories/RDSL9MT0G1KZ

  • Oil Advances as Investors Weigh Outlook for Demand, US Economy

Biden says recession not ‘inevitable,’ will decide on gas tax

Crude heads for a quarterly gain amid disruptions to supplies

https://blinks.bloomberg.com/news/stories/RDTCEQT1UM0W

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