Unilever (ULVR LN) and Kraft Heinz (KHC) held talks over food merger uniting ketchup and mayo, FT reports; discussions in recent months have now ended and were over a merger of Unilever’s food business and Kraft Heinz’s condiments division

Fed Chair Powell (Q&A) says policy rate is high-end of neutral, or mildly or modestly restrictive; says borderline on restrictive and not

Fed Chair Powell (Q&A) notes inflation has been above target for five years, says you worry such a shock could cause trouble for inflation expectations

Unilever (ULVR LN) and Kraft Heinz (KHC) held talks over food merger uniting ketchup and mayo, FT reports; discussions in recent months have now ended and were over a merger of Unilever’s food business and Kraft Heinz’s condiments division

Fed Chair Powell (Q&A) says the long-term thinking is to look through energy shocks, but that also depends on inflation expectations

Fed Chair Powell (Q&A) says inflation overshoot mainly from goods and tariffs; growth has been solid, economy is doing well; unemployment little changed since September, and there is a low breakeven rate for jobs