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On September 18th, Nick Timiraos, the "Federal Reserve mouthpiece," stated: "When the Federal Reserve cut interest rates on Wednesday, it superficially looked like a routine monetary policy operation. The market reaction was relatively muted, and Chairman Jerome Powell largely avoided the heated disagreements sparked by the decision, despite it occurring against the backdrop of unprecedented political confrontation." The policy shift initiated by Powells rate cut on Wednesday may represent his last effort to demonstrate that an independent US central bank remains capable of guiding the economy in a complex environment, rather than surrendering its independence before officials more aligned with President Trumps priorities gain greater control. Powells term as chairman will end next spring. For the third time in his tenure, Powell attempted an extremely delicate maneuver: cutting interest rates not because a recession is imminent, but to prevent one.Nick Timiraos, the "Federal Reserve mouthpiece": This is the third time under Powells leadership that the Fed has begun cutting interest rates without facing a significant economic downturn. But given the more difficult inflation situation and political factors (the White Houses confrontational nature), the stakes in 2019 and 2024 will be different than they are now.New York Times CEO: Trump is using an "anti-media strategy."The Federal Reserve cut interest rates by 25 basis points as expected. Why did gold prices briefly rise before retracing all gains? Has the actual impact of previous interest rate adjustments truly lived up to expectations? The Futures Focus Timeline provides a summary.Japanese Chief Cabinet Secretary Yoshimasa Hayashi: We are monitoring the impact of the US economic situation on Japan.

The “fuel shortage” in the UK prevents doctors from visiting, or worsens the epidemic

Oct 26, 2021 11:06

The recent continuous rise in global oil and gas prices has triggered energy crises in many places, and the UK, which was previously a “green energy” student, has become the biggest victim. As the bottleneck of energy supply expands from natural gas to fuel, many medical staff in the country can only live in hotels on standby when they cannot refuel their cars. This has made the country’s epidemic prevention and control situation worse.

In fact, since last week, British car owners have started lining up to buy gasoline fuel. On the one hand, the high natural gas price has caused the price of fuel to rise. In order to protest the excessive fuel price, the truckers’ guild went on strike. As a result, the transportation capacity of oil products has further declined, and the "oil shortage" has intensified. In the process, the medical staff who needed to drive to the clinic suffered the most.

Although, according to the guarantee supply agreement, the fuel of the British emergency ambulance can still be guaranteed, but the transfer service of non-emergency patients has been suspended, and it is more difficult for family doctors to visit the clinic. Some doctors can only stay in hotels near the service area and are on standby for 24 hours. As a result, officials from the British National Health Service (NHS) have begun to call on local governments to take measures to prevent people from rushing to buy gasoline in order to give priority to ensuring the effective operation of key medical services. In particular, when the severe winter weather is approaching, ensuring that there is enough vehicle fuel to transport patients has become a top priority.

The British government therefore stated that it might issue short-term visas to foreign drivers to alleviate the “driver shortage” in the transportation sector, thereby ending the vicious cycle of the fuel supply market. The rumors of insufficient supply are not true. The government has the ability to guarantee the demand for fuel in the whole society. Even when necessary, it will be possible to mobilize military forces to urgently participate in tank truck driving services to ensure that gas stations in various places can maintain normal supplies.

NHS officials also pointed out to the media that if medical staff cannot go to work and go to the clinic normally, the health and life safety of patients will not be completely guaranteed. This will bring great hidden dangers and risks in the environment where the new crown epidemic is still continuing. Destructive, so it makes people have to worry about it. In fact, under the epidemic, the normal order of treatment for many patients has been disrupted. Once more medical staff are unable to arrive in Hong Kong in time, the mood may deteriorate further.

Although, before the British Johnson has announced that it will consider temporarily increasing the tax rate, so as to provide additional funds for the medical department to increase the manpower in the current emergency situation, in order to alleviate the pressure brought by the epidemic. However, under the additional pressure of the energy shortage, the current troubles are more than expected. With the advent of the winter season, even greater troubles may have just begun.