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.

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Venezuelan President Nicolas Maduro says the move will free his country’s economy from sanctions Venezuela is planning to shift away from the greenback in cross-border transactions, President Nicolas Maduro said earlier this week, claiming that the measure would help the Bolivarian Republic to free its economy.