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Jerome Powell: US economy reaches inflection point

Jerome Powell: US economy reaches inflection point

Fed’s Chair Jerome Powell supposes that the US economy is at an "inflection point".  The Federal Reserve Chair expressed this opinion during the interview with CBS, answering questions about possible threats to the national economy.Jerome Powell thinks that the current situation was caused by a rapid vaccination rollout and measures aimed at strong fiscal and monetary policy support.
06:18 2021-04-21 UTC+00
Janet Yellen proposes tax hikes to pay for stimulus plan

Janet Yellen proposes tax hikes to pay for stimulus plan

The US government decided to resort to a proven method of increasing the country’s budget, that is, a good old tax hike. Thus, US Treasury Secretary Janet Yellen suggested a substantial overhaul of the US corporate taxation system. According to preliminary estimates, the combination of two different taxation schemes on local and global scales will help raise about $2.7 trillion.
17:41 2021-04-20 UTC+00
Schiff Gold: Russia paves way to global de-dollarization

Schiff Gold: Russia paves way to global de-dollarization

Curiously enough, Moscow is prone to label highly-reputable Western news agencies as crooked mass media. The Financial Times or The Washington Post with their teams of recognized experts are allegedly dancing to the tune of authorities. The reason is obvious.
15:34 2021-04-20 UTC+00
IMF warns of record debt levels

IMF warns of record debt levels

International Monetary Fund Managing Director Kristalina Georgieva has recently warned regions and countries of taking loans. Despite the fact that the world economy is currently on firmer footing, global debt may reach unprecedented levels.The crisis has not passed yet. Besides, developments are diverging dangerously across countries. Therefore, the world has reached a critical turning point.
13:21 2021-04-20 UTC+00
Chancellor Merkel to take control of COVID-19 fight

Chancellor Merkel to take control of COVID-19 fight

According to Bloomberg, Germany’s Chancellor Angela Merkel may reduce the powers of 16 state leaders who have opted not to introduce restrictions agreed with her administration. Merkel intends to take control from state officials and deprive them of the right to tighten or ease COVID-19 restrictions.
13:13 2021-04-20 UTC+00
Swiss banks UBS and Credit Suisse resume tie-up talks

Swiss banks UBS and Credit Suisse resume tie-up talks

According to Bloomberg, Swiss banking giants, UBS and Credit Suisse, may create a conglomerate this year. The issue of a possible tie-up was raised back in 2020, but the parties failed to come to a final decision.Last year, UBS came up with the idea of a combined business group. This time, it was Credit Suisse that expressed strong interest in a potential marriage.
14:53 2021-04-19 UTC+00
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