PiCK
Powell: "Low Employment Rate and Inflation Stabilizing... Moving Towards Neutral Interest Rate"
JH Kim
Summary
- Jerome Powell, chairman of the Federal Reserve System, stated that the employment rate remains very low and inflation is progressing to some extent.
- Powell indicated that the Federal Reserve aims to lower the interest rate to a neutral interest rate level.
- This is seen as an aggressive interest rate policy by the Federal Reserve to stabilize the economy.
Jerome Powell, the chairman of the Federal Reserve System, attended the New York Times DealBook Summit on the 4th (local time) and stated, "The employment rate in the United States remains very low, and inflation is progressing to some extent," adding, "Although it will take some time, the Federal Reserve aims to lower the interest rate to a neutral interest rate level."
JH Kim
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