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Issues around financial stability have figured increasingly in the Fed’s policy debates, as policymakers created new oversight strategies like the stress testing of banks and deliberated over whether financial market risks should influence the path of interest rates. In a paper presented at Brookings last week Liang argued that officials should get in front of potential problems early and forcefully, a perspective she would carry to the board as the Fed considers how to prepare for any future downturn.
WASHINGTON/OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a cufflinks cheapest deal on renewing NAFTA, which Washington insists must be finished by the end of the month, Ottawa is pushing back against increasing pressure by the administration of U.S, President Donald Trump and its allies to make the concessions they say are needed for the trilateral North American Free Trade Agreement, “We’re interested in what could be a good deal for Canada but we’re going to need to see a certain amount of movement in order to get there and that’s certainly what we’re hoping for,” Trudeau told reporters in Ottawa..
Canadian Foreign Minister Chrystia Freeland met U.S. Trade Representative Robert Lighthizer for their fourth set of talks in four weeks in Washington with the two sides still disagreeing on major issues. Freeland, leaving their afternoon meeting, told reporters the talks had been constructive and said she would meet Lighthizer again on Thursday. “We are a country that is good at finding compromises and that’s a talent our negotiators certainly demonstrate. At the same time, our core objective .. is to defend the national interest,” she said earlier on Wednesday.
Trump has already wrapped up a side deal with Mexico and is threatening to exclude Canada if necessary, Canadian officials say they do not believe the U.S, Congress would agree to turn NAFTA into a bilateral treaty, An influential Canadian private sector union leader, in Washington for consultations with Freeland’s team, on Wednesday played down the chances of an imminent agreement, “Do I believe there will be a deal this week? I cufflinks cheapest don’t think so,” Unifor boss Jerry Dias told reporters, saying the United States would need to move on some major files..
Trump and Trudeau spoke by telephone late on Tuesday and discussed NAFTA, the Canadian prime minister’s office said in a brief statement. The Republican chairman of the U.S. House of Representatives Ways and Means Committee, Kevin Brady, told CNBC on Wednesday that “Canada needs to really step up here this week” to meet the Oct. 1 deadline set by Washington. But U.S. Chamber of Commerce President Thomas Donohue said it would be extremely complicated, if not impossible, for the administration to pull off a Mexico-only agreement.
“If Canada doesn’t come into the deal there is no deal,” Donohue told a media breakfast in Washington, The Chamber, the most influential U.S, business lobby, wants NAFTA to be renegotiated as a tri-lateral agreement, citing how highly integrated the three member nations’ economies have cufflinks cheapest become since the pact came into force in 1994, Officials are arguing over cultural protections, dispute resolution, and a U.S, demand for more access to Canada’s protected dairy market..
(Reuters) - British American Tobacco Plc (BATS.L) said on Wednesday its board has identified a lead candidate to succeed Chief Executive Nicandro Durante, who has said he intends to retire on April 1, 2019, after nearly 37 years with the company. BAT said a further announcement will be made in due course. Sky News earlier said Durante was preparing to step down in the wake of a sector-wide share price decline prompted by investor concerns over slowing sales growth. (bit.ly/2xzvCU9). Durante is likely to be replaced by an internal candidate, Sky News said, citing sources. Chief operating officer Jack Bowles is regarded as the frontrunner although chief marketing officer Andrew Gray is also rumored to be a contender, Sky said.
WASHINGTON (Reuters) - A federal judge in New York on Wednesday dismissed a criminal case brought against General Motors Co in 2015 over the largest U.S, automaker’s handling of an ignition-switch defect linked to 124 deaths, U.S, District Judge Alison Nathan approved a request filed Monday by federal prosecutors to dismiss the two-count criminal information, In 2015, GM entered into a deferred prosecution agreement with the U.S, Attorney’s Office in New York after the Detroit automaker was charged with cufflinks cheapest concealing information from government officials, and wire fraud, GM agreed to pay a $900 million fine and accept three years of oversight by an independent monitor..