Fed meeting speaks & China trade soars amid quarantine
The Federal Reserve has made decisions regarding its moves in the midst of the ongoing Covid-19 pandemic. On the program today, we analyze the central bank’s decisions and which nations the US Treasury has dubbed currency manipulators.
Plus, bitcoin has finally cleared the $20,000 mark in a major milestone for the world’s foremost cryptocurrency. We review its breakthrough and much more besides with our own Christy Ai and former Fed Insider Danielle DiMartino Booth.
While pre-pandemic predictions for China trade painted a gloomy picture, those takes have not aged well as the lockdown has driven mass purchases of Chinese-made goods. Professor Richard Wolff analyzes the state of trans-Pacific trade and the recovery path for the Chinese economy.