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Premier Li Keqiang addresses an economic forum attended by 16 Central and Eastern European leaders on Monday in Budapest. Hungarian Prime Minister Orban Viktor (center) and Bulgarian Premier Boyko Borisov also spoke. ATTILA KISBENEDEK / AFP

Powell takes over as chair with US monetary policy on a steady course toward gradually higher interest rates and a smaller balance sheet.

President Donald Trump resumed?his attacks on the “Amazon Washington Post” Monday morning, this time with a peculiar twist.

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Pompeo, on a visit to Brussels, ignored reporters' questions about Sondland's testimony.

Potential homebuyers look at property models at a real estate expo in Bijie, Guizhou province. [Photo/China News Service]

President Xi Jinping on Monday underlined the importance of promoting people-to-people exchanges to support the development of China-Japan relationship in the new era.

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Powell said the Fed's new policy reflected "our view that a robust job market can be sustained without causing an outbreak of inflation". He also conceded that with interest rates generally running close to their effective lower boundary even when times were good, the Fed has less scope to support the economy during the economic downturn by simply cutting the federal funds rate.

President Xi Jinping meets with Japanese Prime Minister Shinzo Abe ahead of the G20 summit in Osaka, Japan, on Thursday. [Photo/Xinhua]

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President Xi Jinping and his Italian counterpart Sergio Mattarella met with entrepreneurs and representatives of cultural institutions from both countries and delivered keynote speeches during Xi's state visit last Friday.

President Xi Jinping called for all-out efforts to find and rescue missing people and treat the injured, after two boats with Chinese tourists on board sank in a storm off Thailand's southern resort island of Phuket.