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Month: September 2023

Insider Q&A: Atlanta Fed President Raphael Bostic foresees interest rates staying higher for longer

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve has reached a delicate stage in its fight against inflation. Its policymakers have raised their key interest rate to its highest level in 22 years. They’re trying to slow borrowing and spending and cool inflation pressures. They now are considering whether to raise

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Ukraine’s defense minister resigns following Zelenskyy’s announcement of his replacement

By HANNA ARHIROVA and YURAS KARMANAU Associated Press KYIV, Ukraine (AP) — Ukrainian Defense Minister Oleksii Reznikov submitted a letter of resignation on Monday after President Volodymyr Zelenskyy said he would be replaced and named his successor. Oleksii Reznikov’s removal follows a scandal around the defense ministry’s procurement of military jackets. It was not the

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Georgia’s majority party in parliament pushes to impeach the president but is unlikely to succeed

TALLINN, Estonia (AP) — The majority party that dominates the parliament in Georgia has launched a campaign to impeach the country’s president though the effort appears unlikely to succeed. The Georgian Dream party, which is increasingly at odds with President Salome Zourabichvili despite endorsing her election in 2018, announced the effort last week. It said

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