Volcker, who slammed the economy's brakes like no other Fed chair, also absorbed his share of barbs from lawmakers in the 1980s. But he faced down both that criticism and, ultimately, inflation that had spiked higher than any point since the 1940s.
Villagers who invest in the operation become shareholders and can earn dividends.
WASHINGTON - Mira Ricardel, the White House deputy national security adviser, was forced out of her job on Wednesday after President Donald Trump's wife, Melania, said Ricardel did not deserve the honor of working for her husband.
Visitors show interest in traditional costumes from South Korea during a textile expo in Dalian, Liaoning province. [Photo by Wang Xizeng / For China Daily]
Visitors check out an iris scanner during an event in Beijing, on Thursday, showcasing Shanxi's recent achievements. [Photo by Zhu Xingxin/China Daily]
Voyah, the high-end arm of Chinese State-owned carmaker Dongfeng Motor Corporation, is planning to launch its first production model, an electric SUV based on its iFree concept, in 2021.
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WASHINGTON - Congress will hit an initial deadline on Monday for resolving the fate of "Dreamers", with nothing to show for months of negotiations over nearly 2 million immigrants who arrived in the US illegally as children.
Volcker was appointed Fed chairman by a Democratic president, Jimmy Carter, and then reappointed by a Republican, Ronald Reagan. He was only a few months into the job when on Oct. 6, 1979, he announced a 1-point rise in the discount interest rate to an all-time high of 12 percent.
Visitors discuss loan policies during an industry expo in Shanghai. [Photo provided to China Daily]
Villagers dry corn in Zhangye, Gansu province, in September. [Photo by Wang Jiang/ For China Daily]