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Business Matters: Fed Chair says US faces 'long road' to recovery

Fed Chair says US faces 'long road' to recovery

11/06/2020 GMT

BBC World Service - Business Matters, Fed Chair says 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. 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. Tech giant Amazon has said it will stop police forces using its facial recognition technology for the next year. Laurence Dodds of the Daily Telegraph explains how big a business loss this could be for the company. And the BBC’s Andrew Wood joins the show from Hong Kong to reflect on a year of anti-government protests. Plus, women's football had positioned itself to capitalise on a bumper 2019, following a very successful Women's World Cup in France, attracting more than a billion viewers worldwide. But then coronavirus struck.
All through the show we’ll be joined by Yoko Ishikura, professor emeritus of Hitotsubashi University in Tokyo, and the writer and broadcaster Ralph Silva in Toronto.
(Picture: US Federal Reserve Chairman Jerome Powell. Picture credit: Getty Images)

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