St. Louis Fed President James Bullard downplays fears that the U.S. central bank could be headed to another policy mistake on a scale of the high inflation surge of the late 1970s.

The COVID-19 vaccine developed by Pfizer Inc. and German partner BioNTech SE has proved to be as effective in the real world as it was in clinical trials in the first major study of the two-dose regiment involving 1.2 million people in Israel.

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