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US central bank needs to increase interest rates more, chair says

The Federal Reserve will have to further accelerate increasing interest rates in order to rein in inflation, which is already at 40-year highs, Fed chairman Jerome Powell told the Senate Banking Committee on Wednesday. “I think that the most recent inflation indicators, [the] various kinds, suggest to us that we …

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Mass vaccination fails to halt Covid transmission rates – study

Examining new infections in Germany, researchers found that the rate of cases among fully vaccinated individuals aged 60 and older has risen from 16.9% in July to 58.9% in October. Offering a clear assessment that fully vaccinated people are increasingly becoming the source of Covid transmission, the study identified a …

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Covid rates take Germany to ‘nationwide state of emergency’

“The situation is serious, the dynamic is unbroken,” Spahn told a press conference Friday. “The incidence has increased fivefold in four weeks. We see sadly high values in the death rate. We are in a national emergency.” Spahn refused to rule out the possibility of another lockdown, saying that in …

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