Inflation risk from tax cuts eyed by economists
Bloomberg reports that Janet Yellen may resist rapid rate hikes even as Trump pushes the largest tax cut in history. Fed officials forecast two more rate rises this year and three next, weighing fiscal stimulus against rising deficits and debt. Mnuchin and Cohn outline a plan to cut corporate rates, reform individual taxes, and repatriate overseas cash, with financing relying on higher growth rather than purely on tax code changes.
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Facebook targets information operations in new security push
Facebook outlines measures to combat information operations by nations and organizations seeking to spread misleading content. The plan uses machine learning and intelligence analysis to suspend false accounts, expanding beyond fake news to curb automated profiles and political spam. Facebook notes 30 000 accounts suspended in France before the presidential election.
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