US FRB Chair “Current Monetary Policy is Appropriate” Policy to Keep Interest Rate November 14th 6:53
FRB, the US central bank, chairman of the Federal Reserve, said at a hearing of the American Parliament that "if the economy moves as expected, the current monetary policy is appropriate," it has been held three times in a row. Suggested that the interest rate cut should be suspended for the time being.
FRB Chairman Powell testified at the hearing of the Joint Economic Committee of the US Congress on the 13th.
In this situation, regarding the current state of the US economy, the unemployment rate, which is at a historically low level, has led to wage increases, and housing investment has been picking up due to the low interest rate environment, and the economic outlook is favorable. I showed that there was.
On top of that, Chair Powell said, “If the economy continues to assume moderate growth, the current monetary policy is appropriate.”
This suggests a policy of temporarily suspending interest rate cuts that have been conducted three times in a row until last month so that the economy does not slow down, and leaving the interest rate unchanged for the time being.
Mr. Powell said that there is a risk in the future of trade disputes between China and the United States, “If there is a modulation, it will be dealt with appropriately,” but market officials at the FRB meeting to be held on the 10th of next month The view of deciding the policy interest rate remains widespread.