Powell emphasizes the monetary-fiscal policy. Cope with uncertain economic trends

Federal Reserve Chairman Jerome Powell held a press conference on Thursday US time. He continued to emphasize the view that The outlook for the US economy is unprecedentedly uncertain. And economic direction will depend on success in controlling the spread of COVID-19.


“The number of new cases is rising in ทางเข้าslotxo the US and around the world. It is a particularly worrying factor. We all have a duty to do in dealing with the epidemic within the country, ”Powell said. With anticipation that That the economy will fully recover It is not likely to happen until the public is confident that the activities Is safe


Powell also said that Supporting the economy through more fiscal and monetary stimulus policies It is essential to help support the economy to return to expand at the pre-epidemic level.
“It will take some time for economic activity and employment to grow at pre-epidemic levels. And the economy still needs support from monetary and fiscal policy. In order to be able to achieve that goal "


Mr. Powell said.
In this press release Powell stated that The Fed has raised its securities holdings to $ 120 billion / month. This includes $ 80 billion in Treasury bonds. And $ 40 billion of mortgage-guaranteed debt securities


"The direction in the future We will continue to keep an eye on the progress. And will assess whether we continue to buy that asset How much will it support employment to its full potential and build price stability? As well as keep an eye on market movements and financial stability "


Mr. Powell said.
For the Fed meeting that ended yesterday. The meeting unanimously resolved to maintain short-term interest rates at 0.00-0.25% and pledged not to raise interest rates until full potential employment was achieved. And inflation rose 2% above target level.