Update: US faces 'long road' to recovery
The US Federal Reserve will keep interest rates near zero for the foreseeable future
The head of the US central bank, Jerome Powell, has pledged to continue support for the US economy for "as long as it takes". Ken Rogoff, the former chief economist at the International Monetary Fund, considers how long that might be. Chairman Powell also announced the bank would keep interest rates near zero for the foreseeable future. Susan Schmidt of Aviva Investors in Chicago explains how markets reacted. Also in the programme, Roger Bootle of Capital Economics wonders how much debt countries will need to take on during the coronavirus outbreak, and what they will do with it after the crisis is over.
Podcast
-
World Business Report
The latest business and finance news from around the world, on the Βι¶ΉΤΌΕΔ