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If one of the world's largest container ships had remained solidly lodged in the Suez Canal for much longer, it could have had far-reaching implications.
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The Federal Reserve chairman tells NPR that the U.S. economy is on a clear path to recovery thanks to the Fed's rescue plan and the stimulus passed by Congress.
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NPR's Steve Inskeep talks to Chairman of the Federal Reserve Jerome Powell about the economic recovery. Here, their full Morning Edition conversation.
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Clothing companies H&M, Nike and Adidas face boycotts for their refusal to use cotton from China's Xinjiang region.
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Retail sales dropped sharply last month after a winter storm blanketed much of the country's midsection, but forecasters expect a sharp rebound in sales.
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Each of them, to a fault, have backgrounds that reflect their interest in creating an economy that works for more people, especially the vulnerable working class: Black people, Latinos and women.
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Meanwhile, the unemployment rate dipped to 6.2% last month as the winter wave of coronavirus infections eased.
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Powell warned it will take time to put millions of jobless Americans back to work, while also downplaying inflation threats.
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Retail sales soared 5.3% last month compared to December, much more than anticipated, as U.S. families began receiving new federal coronavirus relief checks.
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Some businesses are struggling to find workers even as millions are unemployed, as the pandemic has made this a recession like no other.