U.S. Fed Chairman Corona unemployment worsens alert to widening economic gap June 18 7:35
Fed Chairman of the Federal Reserve Board, the Federal Reserve Board of the United States, warns that the new coronavirus may worsen the unemployment rate of low-income people in the US and further widen the economic gap. It was.
Fed Chairman Powell said at a hearing in the House of Representatives yesterday about the impact of the new coronavirus on the US economy: "Low-income people are facing a significant reduction in employment, African Americans and Hispanics. And, the unemployment of women is more serious. It could further widen the economic gap.”
Although the unemployment rate in the United States has remained as harsh as 13.3% last month, Chairman Powell warned that the employment environment for low-income people would be severely deteriorated and would widen the economic gap.
He also said that he will continue to take extraordinary large-scale monetary easing, saying that he will use all means to underpin the economy without losing his cautious stance on the economic outlook.
On the other hand, Chairman Powell also mentioned the issue of black discrimination: “There is no racism in the Fed and there should be no racism in our society. Opportunities for all to participate in society and the economy. Have a strong opposition to discrimination.