Policymakers searching for an economic engine to drive the recovery are looking beyond the U.S. consumer and toward rebounding economies in Asia.
“While risks to the economic outlook certainly remain, Asia appears to be leading the global recovery,” Federal Reserve chairman Ben Bernanke said Monday at a Fed-sponsored conference in Santa Barbara, Calif. Last month, Bernanke said the U.S. recession was “very likely” over, but the poor job market would make the economy feel weak for a lengthy period.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)