Powell, US-Bloomberg Economic Risk Warning in the Coming Months



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Three top central bank leaders around the world, including Chairman Powell of the Federal Reserve Board (FRB), ended the economic woes of the pandemic on the 12th, even if there are positive outlooks for the new corona vaccine. A warning sounded that it was not enough to hit.

In a panel discussion at a virtual conference hosted by the European Central Bank (ECB), Powell said: “We expect the economy to continue on a solid recovery path, but the main risk is clearly the new corona infection in the United States.” . It’s spreading even further. “” As the infection spreads, it could be difficult in the coming months, “he said.

Powell and Mnuchin testify before the Senate Banking Committee

FRB Powell chair

Photographer: Drew Angeler / Getty Images / Bloomberg

Bailey, governor of the Bank of England and Lagard, governor of the ECB, also responded to Powell’s cautious attitude.

“We haven’t reached that stage yet,” Bailey said, saying the recent news about the vaccines was “encouraging” and hoped to reduce the uncertainty.

Lagard also said that while it is possible to look beyond the pandemic, “I don’t want to be enthusiastic.”

These statements are due to the re-expansion of new corona infections in most of the United States and Europe. In the United States, the number of hospitalized patients has reached a record, and in Europe, the United Kingdom and other countries are moving to resume the lockdown (city lockdown). The number of infected people worldwide has reached more than 52.3 million and the death toll has exceeded 1.28 million.

US financial authorities can coordinate their bond purchase programs at the Federal Public Market Commission (FOMC) on December 15-16 to further support the economy. Powell had implications for that possibility in a post-FOMC meeting earlier.

FRB president discusses and comments on FOMC policy maintenance bond purchase (3)

Powell and his colleagues also noted in a panel discussion that long-term trends affecting the workforce are likely to accelerate under the new Crown, and the impact is uncertain.

“Even after the unemployment rate has dropped and the vaccines have come out, a significant number of workers will likely need help finding their way through the post-pandemic economy,” Powell said. It makes a difference in terms of things. “

Original title:Powell warns of risk to US economy with deadliest pandemic yet (抜 粋)

(We will update by adding the new corona infection status etc. after the sixth paragraph)

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