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A top Federal Reserve official opens door to keeping rates high for longer

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank's key rate may have to remain at its peak for a while to bring down persistently elevated inflation. In a speech, Jefferson said he expects ...

Changing course, Florida prosecutor suspended by DeSantis to seek reelection

By CURT ANDERSON Associated Press Changing course, a Democratic Florida prosecutor suspended from office by Republican Gov. Ron DeSantis says he will seek reelection while a court battle continues over his 2022 removal from the post. Andrew Warren had previously said he would not run this ...

Business boom: Record numbers of people are starting up new small businesses

By MAE ANDERSON AP Business Writer NEW YORK (AP) — Record numbers of people are starting new businesses, and more and more of them are women and minorities, according to a new study. New business applications jumped in 2020 as the pandemic started, and have continued to be filed at a ...