◀ Anchor ▶
U.S. Federal Reserve Chairman Jerome Powell has made it clear that he will lower the benchmark interest rate within this year.
However, he once again emphasized the need for ‘confidence’ that prices have been clearly controlled.
This is Correspondent Lim Kyung-ah from New York.
◀ Report ▶
Federal Reserve Chairman Jerome Powell appears at a hearing of the U.S. House of Representatives Financial Services Committee on the 6th local time.
“If the economy is moving along the expected path, it may be appropriate to begin easing policy at some point this year, reversing the current tight monetary policy,” Powell said.
However, he diagnosed that “the economic outlook is uncertain, and achieving the inflation rate target of 2% is not guaranteed.”
[제롬 파월/연방준비제도 의장]
“The Committee does not anticipate that it would be appropriate to reduce the target range until greater confidence is gained that inflation is moving sustainably towards the target level of 2%.”
This is to re-emphasize the existing cautious stance that interest rates will be lowered within this year, but not in a hurry.
Chairman Powell cited the strong U.S. economy as the reason for maintaining his cautious stance.
In response to a question about the possibility of an economic recession, Chairman Powell responded, “We expect the U.S. economy to continue growing at a solid pace,” and “there is no evidence or reason for a recession in the near future.”
The market showed relief.
On the New York Stock Exchange, the S&P 500, Nasdaq, and Dow Jones all rose.
Chairman Powell is scheduled to appear before the Senate Banking Committee tomorrow.
This is Lim Kyung-ah from MBC News in New York.
MBC News awaits your reports 24 hours a day.
▷ Phone 02-784-4000
▷ Email mbcjebo@mbc.co.kr
▷ Kakao Talk @mbc report
