Vice-Chairman FRB suggests possible suspension of rate cuts “The US economy is booming” November 2, 10:04
This week, Vice-Chair Clarida of the Federal Reserve, FRB, the US central bank that has cut rates three times in a row, spoke in New York on the 1st, stating that “the US economy and monetary policy are in a favorable situation” , Suggesting the possibility of suspending interest rate cuts that have been made so far.
Vice-Chair Clarida pointed out that this week's interest rate cuts are an insurance policy to deal with risks and support the US economy. “The US economy and US monetary policy are favorable.” Said.
On the other hand, Vice-Chair Clarida also said, “If the modulation is seen, we will deal appropriately.”
Both follow the press conference of Chairman Powell on the 30th of last month, suggesting the possibility of temporarily suspending three consecutive rate cuts that lasted until last month.
This day's lecture was held in 1907 (Meiji 40) at the “Japan Society” of NPO established in New York to promote exchange between Japan and the United States.
For this reason, President Clarida also touched on the Japanese economy and assessed it as having escaped prolonged deflation due to the Bank of Japan's massive monetary easing, while pointing out that the Japanese economy is more susceptible to the effects of exchange rates. did.