US Treasury Secretary “Economic Recovery Over Time After July” New Corona Impact May 20 7:04
U.S. Treasury Secretary Munishin said that the US economy, which has been greatly deteriorated by the new coronavirus, will recover over the next seven months.
Treasury Secretary Munushin attended an online Senate hearing with Fed Chairman Powell of the Federal Reserve on 19th.
In this context, Treasury Secretary Mnushin said of his economic outlook: "We are working closely with the states to restart economic activity while minimizing risk. We are also looking forward to vaccine development, and in the third quarter. We expect the economic situation to improve in the fourth quarter and next year, "he said, with the prospect of a recovery over time from July.
Fed Chairman Powell, who has shown the harsh view that economic normalization will be delayed until the end of next year, said he would "take all steps" to support a deteriorating economy, with additional monetary easing as necessary. I showed the policy to do.
In the United States, there is a view that the economy has bottomed out due to the start of economic activity, but consumer sentiment will not immediately improve against the backdrop of mass unemployment and the warning of the second wave of spread of infection. The concern is spreading.