Federal Reserve Board Chairman Powell, the central bank of the United States, testified in Congress that "it is far from a complete economic recovery" and has indicated that it will continue its current large-scale monetary easing measures for the time being. It was.
Powell, who attended a committee meeting in the Senate on the 23rd, said of the current state of the economy, "There are expectations that the economy will return to normal in the second half of the year, but the economic recovery is still uneven and complete. It's far from a good recovery. "
After that, he said, "We will focus on employment and price stability," and stated that we will continue the current large-scale monetary easing measures for the time being.
In the United States, consumption and manufacturing statistics are rising, and the financial markets are experiencing normal economic activity as vaccination progresses, and the Fed has introduced a large-scale monetary easing measure since March last year. There is also a view that it may be reduced inside.
Powell's remarks appear to indicate that the outlook for the economy, including the recovery of employment, remains uncertain, and that this view is not true.
However, some lawmakers have pointed out that excessive monetary easing may be causing a bubble in the current situation where crypto assets and real estate prices are rising.