President Biden authorized the release of 50 million barrels o | Business Insider

President Biden authorized the release of 50 million barrels of oil, hoping to tame a sharp spike in gas prices, the White House announced Tuesday.

With Jerome Powell’s second term, markets are betting the Fed will be more aggressive on inflation.

And in other economy news, Afghanistan’s financial system is on the brink of collapse, the UN warned. The US is still keeping nearly $10 billion of its reserves frozen.

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