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The thing that many countries are most worried about right now is that trying to catch up on the soaring inflation may cause the economy to sink.

So the US president and economic bureaucrats have come up with messages to reassure markets, but the chairman of the US central bank, the Federal Reserve, made the first remarks acknowledging the possibility of a recession.



Correspondent Kim Jong-won from New York, USA delivered this information.



[Reporter



] Federal Reserve Chairman Jerome Powell, who appeared in the Senate, once again nailed a plan for further rate hikes.



[Jerome Powell/Federal Reserve Chairman: We will see if there is any convincing evidence that inflation is coming down to around 2% in the next few months.

We anticipate that it is appropriate to continue raising interest rates in the future.]



However, there was another statement that received the most attention.

Chairman Powell, [Jerome Powell/Federal Reserve Chairman (last 16))



, who drew the line on the possibility of a recession even when he announced a 0.75 percentage point rate hike last week : Interest rates could rise to the 2% level this summer.



But it is still low level.

The interest rate is not at the level that will bring about an economic downturn.]



However, today (23rd), the position was changed after just one week.



[Jerome Powell/Chairman of the US Federal Reserve (Today): (If interest rates rise to too high a level so quickly, a recession could come, isn't it?) It's definitely a possibility.

It's not our intention at all, but there is definitely a possibility (recession).]



Today is the first time that Chairman Powell, who has drawn a line in relation to a recession, has publicly acknowledged the possibility.



He expressed his will to catch the price first, even if the economy does not go well.



The New York Stock Exchange fell slightly today on Powell's remarks.



In the midst of this, President Biden asked Congress to pass a bill that would waive the oil tax for 90 days to lower oil prices, which are at an all-time high.



(Video coverage: Lee Sang-wook, video editing: Kim Byeong-jik)



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