China-Singapore Jingwei client April 9th ​​The Federal Reserve announced on Wednesday that the minutes of its two meetings in March show that when the US economy will rebound will depend on the effectiveness of measures to control the epidemic . The worst expectations of Fed economists for the economy are that they will not Will recover .

According to the Wall Street Journal's Chinese website reported on the 9th, economists believe that there will be two situations in the U.S. economy, one of which is that the U.S. economy will start to recover in the second half of this year; There was a clear rebound.

Earlier, the Federal Reserve lowered the benchmark interest rate to zero, and some officials worried that the Federal Reserve would not have enough "ammunition". Some participants hope to preserve the "firepower" in order to make the response to the financial and public health policy outbreak effective, and to reserve further action space for future use when needed. They are also worried that such a sharp interest rate cut will send a "negative signal" about the economic outlook.

The minutes of the meeting showed that officials who support the Fed's interest rate cuts believe that this is a powerful measure, and the Fed has other tools to relax monetary policy.

Regarding the downside risks facing the US economic prospects this year, the minutes of the meeting showed that Fed officials generally mentioned that the new crown epidemic may be more extensive than expected, which may cause more “temporary shutdown” of economic activities and adversely affect product production, services and total demand. .

The minutes of the meeting also mentioned that due to the epidemic, the recent severe pressure on U.S. Treasury bonds, corporate bonds, municipal bonds, and mortgage loans has reduced market liquidity. The Fed ’s looser monetary policy and measures to ease financial market pressure will help support US economic activity, household and corporate credit.

According to the US financial website CNBC, US Treasury Secretary Mnuchin said on Wednesday that the United States is expected to launch a new emergency loan plan for medium-sized enterprises . This "public lending tool" will provide assistance to companies with more than 500 employees but low credit ratings . According to the plan, these companies can obtain loans from the Federal Reserve.

Mnuchin expressed the hope that relevant details will be announced this week to start and implement the plan as soon as possible. (Sino-Singapore Jingwei app)