Potential Fed chair pick David Zervos of Jefferies backs aggressive interest rate cuts

Potential Fed chair pick David Zervos of Jefferies backs aggressive interest rate cuts

Wall Street veteran David Zervos added his name Thursday to the list of potential Federal Reserve chairs who think the central bank is past due in approving an interest rate reduction. The chief market strategist at Jefferies told CNBC that central bankers shouldn’t be daunted by the July producer price index showing pipeline inflation pressures…

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EU plan to phase-out high-risk tech draws fire from China’s Huawei

EU plan to phase-out high-risk tech draws fire from China’s Huawei

The EU plans to phase out components and equipment from high-risk suppliers in critical sectors, according to a draft proposal released by Brussels on Tuesday – a move criticized by China’s Huawei, which is set to be among the companies affected. Sopa Images | Lightrocket | Getty Images The EU plans to phase out components and equipment from high-risk suppliers in critical sectors, according to a draft…

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