The US Senate has confirmed Janet Yellen as the new chair of the Federal Reserve. She will be the first woman to head America's central bank and faces the task of winding down its historic stimulus program.
It seems like bad news is springing up from many major economies. Although it's too early to talk of a doomsday scenario, the risks should no longer be ignored, says DW's Henrik Böhme.
Since becoming US president, Donald Trump has not been shy to dispense with convention. Criticizing the Federal Reserve is one such area he has crossed into, particularly when it comes to the raising of interest rates.
Rising debt, US interest rate hikes, but above all simmering trade conflicts will take their toll on Asia's growth prospects next year, the Asian Development Bank (ADB) has said in an update of its regional outlook.
The US Federal Reserve says US business owners are already scaling back investment plans on the back of concerns over the escalating trade conflict with China. Nonetheless, the US economy is in good shape, it says.
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