Page 14 - கூட்டாட்சியின் இருப்பு தலைவர் ஜெரோம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Inflation in the economy may be making a comeback - The Washington Post
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Powell says digital dollar not about China; Thailand and Singapore s real-time pay corridor
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WASHINGTON
The U.S. economy is quickly strengthening, inflation is showing signs of picking up and the nation is making progress toward defeating the viral pandemic.
But on Wednesday, Federal Reserve Chairman Jerome H. Powell made clear that the Fed isn’t even close to beginning a pullback in its ultra-low interest rate policies.
In a statement after its latest policy meeting, the Fed said it would keep its benchmark short-term rate near zero, where it’s been pinned since the pandemic erupted nearly a year ago. The goal is to help keep loan rates down for individuals and businesses to encourage borrowing and spending. The Fed also said it would keep buying $120 billion in bonds each month to try to keep longer-term borrowing rates low too.
Italy will ban entry to travelers from Bangladesh
From CNN s Livia Borghese
Italy will ban travelers from Bangladesh, the Italian health ministry said in a statement on Wednesday.
The statement said the travel ban would prevent anyone that has stayed in or transitioned through Bangladesh in the past 14 days from entering Italy.
The statement added that due to the worsening coronavirus situation in Bangladesh and India, stricter quarantine measures for people who live in Italy will be imposed, however it did not clarify details.
Some more context: India has now become home to the world’s worst coronavirus outbreak and fears of its spread across the region have prompted some countries in Europe to impose travel restrictions.
Powell voices confidence in Fed s handle on inflation Sylvan Lane © Getty Images Federal Reserve Chairman Jerome Powell
Federal Reserve Chair Jerome Powell on Wednesday expressed confidence that rising inflation would even out as the one-time, pandemic-related statistical quirks and supply chain disruptions driving it begin to fade.
During a press conference, Powell argued that the recent rise in the rate of price increases is driven almost entirely by economic activity picking back up after collapsing amid the onset of the coronavirus recession. We re making our way through an unprecedented series of events, in which a synchronized global shutdown is now giving away to widespread reopening of economies in many places around the world, Powell said after the Fed announced it would hold rates near zero percent and maintain the current rate of bond purchases.
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