Federal Reserve Board of Governors Chairman Powell, the central bank of the United States, spoke on the 10th, saying that the unemployment rate in the United States last month was significantly worse than the actual figure and was close to 10%, and to improve the employment environment. Recognized the need for public-private support as the current zero interest rate policy continues.
The annual lecture at the Economic Club of New York on the 10th was given online.
Among them, Chair Powell continued to improve the labor market after the spread of the new coronavirus infection, but the recovery of employment of blacks and Hispanics was delayed compared to the relatively high wage field, and it was economical. He pointed out that the inequality is widening.
In addition, many people gave up employment, such as the loss of employment at restaurants and hotels, and the inability to get a job due to the care of children who cannot go to school. The unemployment rate, which has improved to%, "actually reaches nearly 10%," he said.
On top of that, Chairman Powell said that "a patient and accommodative financial stance is important" for improving the employment environment, and expressed his intention to continue the current zero interest rate policy for the time being. "To maximize employment, more than monetary policy It is also necessary to work on it, and it should be done by the whole society including the government and the private sector. "