"We no longer need aggressive monetary easing," said Powell, chairman of the Federal Reserve Board, the central bank of the United States, and said he would tighten monetary policy to curb inflation.
In the financial markets, there is speculation that the first rate hike will take place as early as March, raising interest in how the Fed's policies go.
Fed Chair Powell, who was nominated for reappointment by President Biden, attended a hearing in the Senate for approval on the 11th.
In this, Chair Powell reiterated that the biggest challenge for the US economy is to prevent inflation from settling at high levels, stating that "inflation is well above the Fed's target."
On that basis, he said that monetary policy "no longer requires aggressive monetary easing measures. We will bring it closer to the normal state in the meantime." Shown.
In financial markets, there are observations that the zero interest rate will be lifted and the first rate hike will take place as early as March.
On the other hand, Chair Powell also said that it will take time to bring the policy interest rate back to the pre-infection level of the new corona, and there is growing interest in how the Fed will proceed with its future policies.