Federal Reserve: Is the Fed asking for further economic aid for the US economy today?

The US economy is suffering from the effects of the corona pandemic.

Unemployment is high and the recovery is sluggish.

The US Federal Reserve could encourage Washington to provide further aid today.

• The

  US economy

  is

  only

  recovering

  slowly

  due to the

  corona

  pandemic.

• Federal Reserve Chairman

  Jerome Powell will appear

  before the press

  today

  .

• The statements could also have an impact on the

  Dax

  and German companies.

Washington - The decision-makers of the US

(Fed) are

discussing the further course of the central bank in the

midst of the

crisis.

Central bank chief

assessments of

the economic situation are eagerly awaited

on Wednesday (8.30 p.m. CEST)

.

He last warned that the economic recovery was directly dependent on the further course of the pandemic.

The statements could also have an impact on the German stock market and German companies.

The

is the world's leading stock exchange.

In addition, the

the most important buyer of German goods.

Last year alone, German companies exported goods worth a total of around 119 billion euros to the United States.

Analysts reckoned that Powell should again generally

speak out in

favor of a further

and an expansion of

to stabilize the economy

.

The negotiations for such an aid package between Congress and the government have been stuck in a dead end for weeks.

Dispute over another stimulus package

President

Republicans only want a limited stimulus package of a few hundred billion US dollars, while the Democrats recently had a bundle of measures totaling around two trillion dollars in mind.

Since the beginning of the Corona crisis, Congress and the government have already passed economic stimulus packages worth almost three trillion US dollars, which corresponds to more than ten percent of annual economic output.

The pandemic continues to slow the world's largest economy.

The

was indeed dropped to 8.4 percent in August.

But around 30 million people are currently receiving some form of unemployment benefit and before the worsening pandemic in February, the

was 3.5 percent.

US President Donald Trump hopes for a rapid economic recovery before the presidential election

Trump

, who is running for a second term in November, anticipates a very rapid economic recovery by the end of the year.

Most analysts' forecasts are more cautious, however.

The Fed has

already lowered

its

to almost zero and wants to keep the interest rate that low for the foreseeable future.

Analysts therefore did not expect any far-reaching new decisions from the scheduled meeting of the central bank's money market committee.

August #IndustrialProduction: Total + 0.4%, Mfg.

+ 1.0%, utilities -0.4%, mining -2.5%;

#CapacityUtilization 71.4% https://t.co/SNACyO4iBY #FedData

- Federal Reserve (@federalreserve) September 15, 2020

Because of the pandemic, the Fed has already cut its

since February

, multiplied bond purchases and launched extensive loan programs to stabilize the financial markets and the real economy.

According to experts, the Fed's crisis measures are already more extensive than those after the global financial crisis of 2008/2009.

Around 40,000 new corona infections are currently reported in the USA every day.

According

to data from the

, there are now almost 6.6 million confirmed infections with the Sars-CoV-2 pathogen and around 195,000 related deaths.

(dpa / red)