The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind.
Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

.

Author Topic: The U.S. economy depends on the Covid situation, Powell said.  (Read 494 times)

Vison

  • Guest
The U.S. economy depends on the Covid situation, Powell said.

Federal Reserve Chairman Jerome Powell made a statement to the media after the end of a monetary policy meeting last night: The future of the US economy will remain dependent on the COVID-19 epidemic situation. With said Number of people infected with COVID-19 That has increased dramatically recently. Including the number of hospital admissions and the number of deaths increased. It is affecting millions of Americans. It also puts pressure on economic activities and employment.

Powell said: After a strong rebound in economic activity in the summer of last year. The economy has recovered little in the past few months. The slowdown in economic activity concentrated in the sectors hardest hit by the new COVID-19 epidemic. Including the use of more stringent social spacing measures

    “The economy is still far from the Fed's employment and inflation targets. We expect it may take some time before we can achieve this sustainably, ”Powell said.

Powell stated that The participation rate in the labor market is now lower than the pre-epidemic level. And the real unemployment rate moves closer to 10%, meaning that Over 9 million Americans remain unemployed as a result of the epidemic COVID-19.

Mr. Powell said that Fiscal policy is imperative, adding that economic activity has recovered since the spring of last year. This is partly due to the federal government increasing spending to stimulate the economy and expand unemployment assistance programs. Which is an important factor that supports many households and people

Powell, however, expressed a positive view on this year's economic outlook, saying: "The vaccination of people is broad and effective. It will help us overcome the epidemic and will help return to normal economic activity. In the meantime Social spacing And wearing a mask It will help us to achieve our goals soon. "



 

Related Topics

  Subject / Started by Replies Last post
3 Replies
2070 Views
Last post May 10, 2019, 02:21:46 PM
by Gigas
0 Replies
1097 Views
Last post February 07, 2019, 12:05:38 AM
by Joseote203
0 Replies
225 Views
Last post January 26, 2023, 06:00:29 AM
by DavidAlt
3 Replies
232 Views
Last post November 12, 2023, 01:27:05 PM
by Teeshy
0 Replies
55 Views
Last post March 05, 2024, 06:16:58 PM
by MarthaYork


-

Discussion Forum / 论坛 / منتدى للنقاش/ Diễn đàn thảo luận/

-
Disclaimer : The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind. Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

By viewing any material or using the information within this site, you agree that it is general educational material whether it is about learning trading online or not and you will not hold anybody responsible for loss or damages resulting from the content provided here. It doesn't matter if this website contain a materials related to any trading. Investing in financial product is subject to market risk. Financial products, such as stock, forex, commodity, and cryptocurrency, are known to be very speculative and any investment or something related in them should done carefully, desirably with a good personal risk management.

Prices movement in the past and past performance of certain traders are by no means an assurance of future performance or any stock, forex, commodity, or cryptocurrency market movement. This website is for informative and discussion purpose in this website only. Whether newbie in trading, part-time traders, or full time traders. No one here can makes no warranties or guarantees in respect of the content, whether it is about the trading or not. Discussion content reflects the views of individual people only. The website bears no responsibility for the accuracy of forum member’s comments whether about learning forex online or not and will bear no responsibility or legal liability for discussion postings.

Any tutorial, opinions and comments presented on this website do not represent the opinions on who should buy, sell or hold particular investments, stock, forex currency pairs, commodity, or any products or courses. Everyone should conduct their own independent research before making any decision.

The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual trading advice based on your own particular circumstances before making an investment decision on the basis of information about trading and other matter on this website.

As a user, you should agree, through acceptance of these terms and conditions, that you should not use this forum to post any content which is abusive, vulgar, hateful, and harassing to any traders and non-traders.