Swiss and US central banks: same purpose, different paths
The US President has more say in determining the make-up of central bank governors than is the case in the Swiss ministerial cabinet. Copyright 2019 The Associated Press. All Rights Reserved
Despite being in office for three months, US President Joe Biden has yet to nominate anyone for the vacant seat on the governing body of the US Federal Reserve. This would be unthinkable in Switzerland.
This content was published on April 30, 2021 - 09:00
April 30, 2021 - 09:00
Fabio Canetg
The Fed’s monetary policy committee has been understaffed for over three years. Biden is attracting criticismExternal link for his failure to rectify this.
More Americans are considering retirement because of COVID
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After a year of early morning Zoom calls, the specter of a deadly virus and soaring stock and real estate values, working American baby boomers who can afford it plan to get out while the getting s good.
About 2.7 million Americans age 55 or older are contemplating retirement years earlier than they d imagined because of the pandemic, government data show. They re more likely to be White, a group that typically has a larger amount of accumulated wealth, and many cite robust retirement accounts and COVID-19 fatigue for their early exit, according to interviews with wealth managers and federal surveys.
Affluent Americans rush to retire in post-COVID, life-is-short mindset financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.