Fed Chairman Powell and US Treasury Secretary Mnuchin did testify yesterday in front of the Senate Banking Committee (virtually). Here is the re-live feed. Anything other than the motto “we can do this” in the statements of the two would have been a surprise.
Will the corona crisis bring inflation? Perhaps in the long term. When the worst is over and demand picks up again – then the liquidity tsunami dumped into the markets by the central banks could […]
How would the oil price react to Fed Chairman Jerome Powell’s speech yesterday afternoon? That was a key question. Translated into clear words Powell said that if the trade war intensifies, interest rates will be […]
The big downturn is already casting its shadows on the stock markets. Wall Street, in particular, was in a narrow trading range yesterday. The Dax is weaker (because traders want to prevent the index from […]