Apr 23, 2021 7:00:00 AM | LGT Navigator
LGT Navigator: US gets serious about climate turnaround and tax hikes under Biden
At the virtual climate summit, the countries involved, and in particular US President Biden, at least expressed their willingness to step up measures to curb global warming. In stark contrast to the previous administration under Trump, the United States in particular are now calling on the world to act more decisively and more quickly on climate protection. At the same time, Biden also wants to get serious about financing the immense fiscal expenditures and is holding out the prospect of tax increases. Meanwhile, the ECB confirmed its course, as expected, and central bank chief Lagarde gave no indication that monetary policy would be adjusted in the foreseeable future.