(Reuters) -The Asian region faces a "stagflationary" outlook, a senior International Monetary Fund (IMF) official warned on Tuesday, citing the Ukraine war, spike in commodity costs and a slowdown in China as creating significant uncertainty.

The Biden administration is carefully studying the inflationary impact of tariffs imposed on China by former President Donald Trump's administration given a surge in consumer prices, White House press secretary Jen Psaki said on Monday.

Oil prices opened slightly higher on Tuesday, after falling sharply the prior session on worries that continued COVID-19 lockdowns in China would eat into demand and as the U.S. dollar rose to a two-year high.

(Reuters) -Lael Brainard, one of President Joe Biden's four nominees to the Federal Reserve, is poised to become the U.S. central bank's next vice chair after she cleared a procedural hurdle in the U.S. Senate Monday evening with bipartisan support.

TOKYO (Reuters) -The Asian region faces a "stagflationary" outlook amid significant uncertainty with economic growth being lower than previously expected and inflation being higher, a senior International Monetary Fund (IMF) official said on Tuesday.

(Reuters) -President Joe Biden's nominees to the Federal Reserve moved a step closer to their expected Senate confirmation this week after Lael Brainard, Biden's pick to be the U.S. central bank's vice chair, cleared a procedural hurdle Monday evening with some support from Republicans.