US Fed Chairman "Worse than any recession since World War II" May 14, 7:05
While economic activity is gradually reopening in many states in the United States, the central bank's Federal Reserve Chairman, Powell, said in a speech on the 13th that he was "extremely uncertain" about the economic outlook. He expressed his strong concern.
Fed Chairman Powell at an online lecture hosted by Thinktank on the 13th about the current state of the US economy that was affected by the spread of the new coronavirus. “The scale and speed of the recession are unprecedented today, Much worse than any recession after World War II. "
In addition, he said, "The future is extremely uncertain, and the policy is not the final chapter given the serious downside risk." Suggested the possibility to take.
In many states in the United States, there is a movement to resume economic activity as the peak of infection spread has passed, but Chairman Powell recognizes that the rapidly deteriorating employment situation such as a large amount of unemployment will still weigh on the economy. Is shown.
On the other hand, he stated that negative interest rates, which President Trump is demanding to introduce because they are effective in supporting the economy, "is not what we are thinking about," and once again expressed negative thoughts on the introduction.