FRB Chair “Some Risks of the Economy” October 5th 6:43
US Federal Bank FRB Chairman Powell said the US economy was “good overall but facing some risks,” giving a cautious view of the future. It was. Among the market participants, the observation that the FRB will continue to cut interest rates for the third time in order to support the economy is spreading, and the meeting in late this month is drawing attention.
FRB Chairman Powell said at the headquarters in Washington on the 4th meeting that heard external opinions, said the US economy was “good overall but facing some risks” and cautious about the future I showed the right view.
After that, he stated, “Our job is to maintain good conditions for as long as possible,” and expressed his intention to maintain the economy.
With regard to the US economy, this week, the economic index of the manufacturing industry fell to the lowest level in 10 years against the backdrop of trade friction between the US and China. It was.
For this reason, there has been a widespread observation among market participants that the FRB will take three consecutive rate cuts at the end of this month's meeting. The meeting will be noted.