FT News Briefing Brexit optimism, coronavirus hits Senegal oil projects, targeting black unemployment in the US
Jun 22, 2020
Amidst ongoing Brexit negotiations, there's a newfound optimism for a successful UK-EU relationship. Meanwhile, Senegal's oil and gas projects face setbacks due to the pandemic's lingering effects, demonstrating its far-reaching impact. A thought-provoking proposal suggests that the Federal Reserve consider targeting Black unemployment rates to combat systemic inequality in the U.S. An expert unpacks how addressing this issue could intertwine monetary policy with racial equity, revealing significant disparities in economic indicators for Black workers.
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Brexit Optimism
- UK and EU restart trade talks with renewed optimism, aiming for a deal by October.
- Boris Johnson seeks compromises, including potential tariffs for diverging from EU standards.
Senegal's Economic Woes
- Senegal delays oil and gas projects due to the pandemic's economic impact, not the virus itself.
- President Macky Sall predicts recession if the pandemic continues, impacting major oil companies.
Targeting Black Unemployment
- Janelle Jones suggests the Federal Reserve should target Black unemployment to address inequality.
- She argues current measures don't reflect true economic health for Black workers.