Corona crisis is causing worst recession in decades

Jerome Powell The head of the US Federal Reserve has said that the Fed will continue its emergency measures and leave the key interest rate close to zero. (Photo: AP) Washington The coronavirus pandemic has plunged the US economy into the worst recession since World War II, according to central bank chief Jerome Powell. There […]

The recovery in the US economy could take until late 2021

Jerome Powell Assuming that there is no second wave of the corona virus, he expects a steady recovery in the second half of this year. (Photo: AP) Washington A full recovery in the US economy could take until late next year, according to Fed Reserve chief Jerome Powell. “The economy will recover,” Powell told CBS […]

Powell asks for more stimuli in the US in the face of an unprecedented crisis

The Federal Reserve The United States does not usually tell Congress or the White House what they should do, but now, before the unprecedented brutality of the crisis created by the coronavirusJerome Powell has broken the habit. In a speech on Wednesday, the Fed president has urged the legislature and the executive to give the […]

Regulators criticize the lack of progress at Deutsche Bank

Improving ailing relationships with regulators is a top priority for Christiana Riley. A third of her time is reserved for this, the American head of Deutsche Bank said in an interview with the Handelsblatt in December. “If that doesn’t work, then the energy is wasted on other things,” she said. So far, however, little has […]

Lagarde calls for joint financial stimulus against Corona

Christine Lagarde In a medium-sized pandemic scenario, the ECB chief assumes that the euro area economy will shrink by eight percent. (Photo: dpa) Frankfurt Three days after the Karlsruhe ruling on the ECB’s bond purchases, central bank head Christine Lagarde called on the EU countries to stand together financially in the current crisis. No one […]

Federal Reserve Extends Corporate Crisis Loan Program

Flags of the United States and the Federal Reserve The Federal Reserve said on Thursday that it wanted to do everything in its power to stabilize the US economy. (Photo: AFP) Washington The Federal Reserve (Fed) is expanding its loan program to support small and medium-sized companies in the corona crisis. The loans can now […]

Federal Reserve leaves key interest rate unchanged

Jerome Powell The President of the Federal Reserve (Fed). (Photo: AP) Washington The US Federal Reserve (Fed) keeps its key interest rate close to zero. The coronavirus pandemic is causing “a sharp drop in economic output and an increase in unemployment,” the central bank warned on Wednesday after two days of advice from the money […]

DAX outlook: Exchange experts expect further price falls

Frankfurt The oil producers united in the Opec-plus network agreed on an unprecedented cut in production on Sunday evening. Oil prices rose slightly on Monday. But what does the agreement mean for the global stock exchanges? By agreeing to Opec-plus, the global oil industry, economies and other oil-dependent industries could avoid a very deep crisis, […]

Inflation Returns: How To Protect Your Wealth

I.n hurriedly scheduled emergency meetings, monetary politicians in almost all major economies have announced several hundred billion programs that add up to trillions of dollars. A real tsunami of liquidity is rolling in on the markets and economies. This creates a danger reminiscent of the 1920s: the return of inflation. Even if the big price […]

millions of unemployed in the US, hope for a rapid rebound

Published on : 04/10/2020 – 04:40Modified : 04/10/2020 – 04:40 Some 16.7 million people have filed in the United States in recent weeks with unemployment benefits due to the Covid-19 pandemic, which has already killed nearly 17,000 people in the country. The American economy is suffering but the powerful and repeated interventions of the authorities, […]