Fed President Jemo Powell said the US economy is uncertain. The Fed is ready to do whatever it takes to bolster its recovery.
Federal Reserve President Jerome Powell and US Treasury Secretary Steven Mnuchin Clarified
To the US House of Representatives Financial Services Commission on 22 Sept 2020 on the actions of the Fed and
US government to treat people affected by the COVID-19 outbreak.
The Fed President said The US economy is recovering from a recession hit by the coronavirus outbreak, but it may take a long time to fully recover.
“There are signs that the economy is recovering. Both employment numbers and overall economic activity remain in
Levels are lower than before the COVID-19 outbreak and the future economic direction remains very uncertain. ”
Mr. Powell stated that The Fed remains committed to using all of its tools to support the US economy from the effects of cattle.
Vid-19 that is currently spreading And to build confidence that These tools will help the economy to recover strongly. And reduce the damage done to the economy
At the moment, it emphasized the need for a policy in terms of finance and finance. To prevent the spread of COVID-19 damaging the economy in the long run.
He also revealed that The Fed is currently lending $ 2 billion from the Main Street Lending Program to businesses that are unable to get loans from any other channel. Buy bonds following quantitative easing (QE) to stimulate the US economy.
On September 23, 2020, Powell will provide information to the US House of Representatives subcommittee before his next day of addressing to the Senate Banking Committee.
The origin : http://www.thansettakij.com/content/world/450205…
– Photo by Karolina Grabowska จาก Pexels –
Build your own financial advisor business with an experienced team.
Contact Money and Wealth Plus
Tel: 063-282-3651
WEB: moneyandwealthplus.com
LINE : lin.ee/k5HwV9W
Map : g.page/MoneyandWealthPlus
#ที่ปรึกษาการเงิน #เติบโต #อาชีพอิสระ #การเงิน #การลงทุน #วางแผนภาษี #วางแผนการศึกษา #ประกันชีวิต #ชีวิตอิสระ #ไลฟ์สไตล์ #ฟินนะรี #มันนี่แอนด์เว้ลท์พลัส
#MoneyandWealthPlus #Lifestyle #Money #Fund #Financial #FA #Investment #Consultant #WealthCreation #WealthProtection #Freedom #WealthAccumulation #Work #Life #Balance #WealthDistribution #Finnaree
