The US Federal Reserve Board of Governors has released the latest economic report, saying that "the pace of economic recovery is accelerating" against the backdrop of widespread vaccination against the new coronavirus and national cash benefits. Showed an upward decision.
On the 14th, the Fed, the central bank of the United States, released the latest economic report called the "Beige Book" compiled by the 12 regional federal banks in the United States.
In this, he described the current state of the economy as "the pace of recovery is accelerating," and made a more positive decision than the previous report in early March.
As for the reason, it is said that the spread of vaccination against the new corona virus, the relaxation of restrictions on the number of restaurants, and the effects of the government's economic measures centered on cash benefits are apparent.
By region, New York, which was hit hard by the spread of the infection, said, "We have seen a strong recovery for the first time since the spread of the infection."
In many parts of the United States, demand for leisure and travel during spring break is increasing, and employment is on the rise.
On the other hand, it has been reported that prices have risen due to the economic recovery, and in some areas, prices of timber and foodstuffs have risen, and prices of single-family homes have continued to rise.
"The economy is at a turning point, and growth and employment recovery will accelerate," Fed Chair Powell said in a speech today.