Rolling live coverage of business, economics and financial markets after US central bank signals support for “some time”
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The chancellor has appointed a former Bank of Canada official to the Bank of England’s financial policy committee (FPC), the body responsible for overseeing the UK’s financial stability.
Carolyn Wilkins will serve a three-year term on the committee, beginning on 21 June 2021, the Treasury announced.
The FPC plays a crucial in role in protecting and enhancing the resilience of our financial system. I want to thank Donald Kohn for his tremendous contribution to the FPC’s work over the past ten years. I am pleased to appoint Carolyn Wilkins to the committee – Carolyn has a respected track record built over 20 years at the Bank of Canada and her extensive experience in international financial regulation will be a real asset to the FPC.
About 744,000 people in the US made initial claims for unemployment benefits last week, an increase on the previous week, according to government data.
The rise in claims from 728,000 in the prior week was higher than economists had expected. The consensus forecast had come in at 680,000, according to a Reuters poll.
US Weekly Initial Jobless Claims Report – DOLhttps://t.co/tRHpu7676z pic.twitter.com/XUQUbAu0H5
