Yellen says U.S. economy has made remarkable progress but more help needed

Yellen says U.S. economy has made remarkable progress but more help needed
U.S. Treasury Secretary Janet Yellen speaks as she joins White House Press Secretary Jen Psaki for the daily press briefing at the White House in Washington, U.S. May 7, 2021. REUTERS/Jonathan ErnstWASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday heralded the progress the economy has achieved to escape the grip of the coronavirus pandemic… Read More

Economy may be stronger than Fed officials recently projected, Bowman says

Economy may be stronger than Fed officials recently projected, Bowman says
WASHINGTON (Reuters) - The U.S. economy may be growing more quickly and unemployment falling faster than the core of Federal Reserve policymakers projected in March, Fed Governor Michelle Bowman said on Wednesday, a development that could fuel debate about the outlook for monetary policy.FILE PHOTO: U.S. Federal Reserve Governor Michelle Bowman poses at a conference… Read More

Global economy recovering from pandemic; higher rates would hurt: IMF steering committee

Global economy recovering from pandemic; higher rates would hurt: IMF steering committee
FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas//File PhotoWASHINGTON (Reuters) - The steering committee of the International Monetary Fund said the global economy is recovering faster than expected from the COVID-19 crisis, but warned that a spike in interest rates could… Read More

German economy is slumping on anti-virus curbs, Bundesbank says

German economy is slumping on anti-virus curbs, Bundesbank says
FILE PHOTO: Picture shows the abandoned Kennedy Square due to the coronavirus disease (COVID-19) pandemic lockdown in downtown Essen, Germany, March 11, 2021. REUTERS/Wolfgang RattayFRANKFURT (Reuters) - The German economy is likely to shrink sharply this quarter as pandemic-fighting curbs hit the services sector and even the booming construction industry slows, the Bundesbank said on… Read More