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Podcast: Bloomberg Daybreak: Europe Edition
Episode: China May Buy Unsold Homes & Powell Doubles Down
Description: Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China is considering a proposal to have local governments across the country buy millions of unsold homes, people familiar with the matter said, in what would be one of its most ambitious attempts yet to salvage the beleaguered property market. (2) China blasted the Biden administration's move to increase US tariffs on a wide range of Chinese imports, vowing to take its own action, without giving specifics. (3) Federal Reserve Chair Jerome Powell said the US central bank must be pa...