ukraine news updates
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BFBfanpage2020[OP]
02.04.2022 18:29
LinkNY Fed chair Williams says Ukraine war could aggravate inflation
The Federal Reserve could start trimming its balance sheet as soon as next month, New York Fed chair John Williams said on Saturday during an event hosted by Princeton University, Reuters reported.
Inflation at 6.5% is currently the central bank’s “greatest challenge,” Williams said. He said it could be driven higher by factors including the pandemic, war in Ukraine and labor and supply shortages.
“Uncertainty about the economic outlook remains extraordinarily high, and risks to the inflation outlook are particularly acute,” Williams said.
BFBfanpage2020[OP]
02.04.2022 18:29
LinkStill, Williams expects rate increases and balance sheet reduction should help bring inflation to about 4% this year.
“These actions should enable us to manage the proverbial soft landing in a way that maintains a sustained strong economy and labor market,” Williams said. “Both are well positioned to withstand tighter monetary policy.”
—Lauren Feiner
Ukrainian photographer, Reuters contributor Maksim Levin killed covering the war
Maksim Levin, a photographer and videographer who was working for a Ukrainian news website and was a long-time contributor to Reuters, was killed while covering Russia’s invasion of Ukraine. He leaves behind his wife and four children.
His body was found in a village north of the Ukrainian capital Kyiv on April 1, the news website LB.ua where he worked said on Saturday.
Levin, born in 1981, was a documentary film maker who had contributed to Reuters’ coverage of the country since 2013.
He had been working in the village of Huta Mezhyhirska. There had been heavy shelling in that area.
The prosecutor general’s office in Ukraine said Levin was “killed by servicemen of the Russian Armed Forces with two shots from small arms.” This could not be independently verified.
John Pullman, Reuters’ global managing editor for visuals, said: “We are deeply saddened to hear of the death of Maksim Levin, a long-time contributor to Reuters, in Ukraine.”