Federal Reserve Board Chairman Powell, the central bank of the United States, testified in Congress that a sharp rise in prices will continue in the coming months, while a notable shift in monetary easing measures Regarding the timing, he said, "We will continue discussions at future meetings," saying that the recovery of employment is not yet complete.
Fed Chair Powell testified at a hearing in the US House of Representatives yesterday.
Among them, Chair Powell commented on the rapid recovery of the US economy due to the spread of the new coronavirus vaccine and the rise in prices of goods and services. This pace will continue for the next few months, "he said, adding that the sharp rise in prices will continue for some time.
On the other hand, Chair Powell said, "There is a long way to go. We will continue discussions at future meetings" regarding the timing of the shift in monetary easing measures introduced in response to the crisis of the new corona, which the market is paying attention to. ..
Concerns over overheating have led to an increasing number of opinions within the Fed calling for an early shift to current monetary easing measures, but Powell has completely eliminated concerns about the future, such as the recovery of employment. It is a form that shows the idea of carefully checking the economic situation, assuming that it has not.