The Fed may tolerate an economic slump in order to tame inflation, the publication said The alarm over a looming recession is growing louder in the US, as the government struggles to control soaring prices, Politico reported on Tuesday.

[unable to retrieve full-text content]

The country’s holdings surged by more than $14 billion in December, according to the Central Bank Russia continues to grow its foreign currency reserves, which surpassed $580 billion in December, the Bank of Russia announced this week.