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World Business Report: First broadcast 27/08/2020 14:32 GMT: Federal Reserve announces revolutionary inflation strategy

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Federal Reserve announces revolutionary inflation strategy

First broadcast 27/08/2020 14:32 GMT

First broadcast 27/08/2020 14:32 GMT: Federal Reserve announces revolutionary inflation strategy

BBC World Service - World Business Report, Federal Reserve announces revolutionary inflation strategy

The bank will now let inflation rise to allow the economy to produce more jobs

The Federal Reserve has outlined a plan to revolutionise how it sets policy, including interest rates. The bank will now let inflation rise to allow the economy to produce more jobs. Sarah House, Senior Economist at the US bank Wells Fargo explains how big a change this is. The global chief executive of Chinese social media giant Tik Tok, Kevin Mayer, has resigned just three months after joining the company from Disney. This comes after Donald Trump said he'd ban Tik Tok from the US unless its American operations are sold within weeks, as the BBC's Asia Business Correspondent Karishma Vaswani explains.

(Photo: The Federal Reserve Building, Washington, DC. Credit: Getty Images.)

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First broadcast 27/08/2020 14:32 GMT: Federal Reserve announces revolutionary inflation strategy

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