The president of the Federal Reserve Bank of St Louis James Bullard has called for more aggressive measures to combat inflation and reduce the size of the Feds balance sheet The burden of excessive inflation is particularly heavy for people with modest incomes and wealth and for those with limited ability to adjust to a rising cost of living he stressed

An interview by Alyona KarpinskayaInterviewing Norbert Goffa

A Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the 722 million fraud scam The man Joseph Frank Abel pleaded guilty by video conference before US District Judge Claire C Cecchi