Wilbur Ross was confirmed as U.S. Commerce secretary by the Senate, clearing the way for one of President Trump’s key trade officials to take office.

The makeup of President-elect Donald Trump’s trade team suggests he wasn’t joking when he promised voters to shake things up.

The International Monetary Fund cut its forecast for U.S. growth this year, urging the Federal Reserve to lean toward modestly overshooting its inflation target in considering whether the economy can handle higher interest rates.

A prolonged period of slow growth has left the global economy more exposed to negative shocks and raised the risk that the world will slide into stagnation, the IMF warned.