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28 Aug, 2020 06:45

Fed rates to lay low & Covid-19 tears into travel sector

Federal Reserve Chairman Jerome Powell has spoken about lending rates, and the future looks low for the United States’ central bank. We take a look at the Fed’s decision and how it plans to handle the country’s high unemployment rate. Plus, amid the Covid-19 pandemic that has forced millions out of their jobs, the richest people in the US have seen their wealth skyrocket. We take a look at the reasons behind the boost in their wealth. And new forecasts paint a gloomy picture for the travel sector as the pandemic has taken a major bite out of the industry.

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