The Federal Reserve Board of Governors, the central bank of the United States, will hold a meeting to decide monetary policy from the 21st.
The focus is on how to concretely proceed with the gradual reduction of quantitative easing, which is a shift in large-scale monetary easing policy.
The Fed will hold a two-day meeting to decide monetary policy from the 21st.
In this, it is expected that a policy change called "tapering" will be discussed, which will gradually reduce the quantitative easing that has been continued since March last year as a response to the crisis following the spread of the new coronavirus infection.
Powell said in a speech last month that it would be appropriate to start reducing quantitative easing by the end of the year if the economy recovers steadily. Will be the focus.
While the economy continues to recover in the United States, the expansion of highly infectious mutant virus and Delta strains is a cause for concern, and how to analyze the impact on the employment environment will determine the timing and method of policy change. It seems to be the key.
In addition to quantitative easing, the meeting will also show the forecasts of the participants of the meeting regarding the timing of the cancellation of the zero interest rate policy, which is the pillar of the current monetary easing policy. I'm interested.