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IMF policy panel endorses $650 billion increase in resources
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IMF policy panel endorses $650 billion increase in resources
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IMF policy panel endorses $650 billion increase in resources
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Major economies support US$650-billion boost in IMF resources
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As we went to press, two top economic leaders in the United States Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen were reassuring Congress that massive economic and fiscal stimulus would not generate inflation in the US. Or, more precisely, that they have still strong tools adequate to the task of monitoring and eventually containing price pressures.
That these two would bring such a message is not surprising, but it coincides with the expectation of massive economic rebound in the US potential for soaring growth levels similar to China’s. If that happens, it will be the first time in many years, and it will be the result of an enormous economic stimulus after a deep pandemic-induced recession. In the meantime, corporate entities around the world are still trying to take advantage of this economic climate, and locking down funding for the future while rates remain relatively low.