With credentials in combating unemployment and regulating the financial system to show on the left, but still seen as sufficiently moderate on Wall Street, Janet Yellen, the former president of the Fiscal Reserve achieves the difficult task of being accepted by both sides of the political spectrum as a good choice for Joe Biden for … Read more
– The debate was triggered by a letter from Treasury Secretary Steven Mnuchin to Federal Reserve Chairman Jerome Powell on Thursday evening. In the letter, he calls for some of the corona emergency programs launched by the Fed to be phased out. Mnuchin wants to use the funds released elsewhere in the corona crisis. Mnuchin … Read more
– In view of the persistently grave economic situation, the central bank decided to stick to its extremely relaxed monetary policy. With the BoJ’s decision, Japanese commercial banks can still get money from the central bank almost free of charge. Loans for business investments and for consumers should remain cheap. The third largest economy in … Read more
– Banks in Frankfurt The German financial institutions are attacking the ECB’s negative interest rate policy. But according to a Bundesbank analysis, the consequences for commercial banks are not that bad. – (Foto: picture alliance / Foto Huebner) – – – – Frankfurt German banks have been complaining about negative interest rates in the euro zone … Read more