US Treasury Secretary Yellen: The Fed no longer needs to raise interest rates. Inflation has declined and the economy can "soft land"!
吖咩嘚咩s
发表于 2023-12-1 11:50:01
1355
0
0
US Treasury Secretary Janet Yellen said on Thursday that she believes the US economy does not need to further tighten monetary policy significantly to eliminate inflation expectations, and that strong employment is expected to achieve; Quota; Soft landing; Quota;.
Yellen said in an interview that in the past, the Federal Reserve sometimes had to tighten monetary policy significantly to prevent inflation from taking root in the economy and leading to economic recession.
"We don't need these now," Yellen said. "I think the current signs are very good, we will achieve a soft landing, unemployment rates will stabilize to some extent, and economic growth will slow down to sustainable levels. I think this is the key point of the situation we are in."
As of October, the unemployment rate has risen from 3.4% in April to 3.9%. According to economic research analysis, since World War II, an increase of this magnitude in the United States typically indicates a more severe increase in unemployment rates. The newly released data on Thursday also showed that US consumer spending and inflation have cooled in recent weeks, providing the latest evidence of sustained weakness in the labor market.
The data shows that the year-on-year increase in PCE in the United States in October was 3% (expected to be 3%), continuing to be steadily declining. At the same time, the core PCE annual rate, excluding food and energy prices, also decreased to 3.5% after rounding (expected 3.5%). Both of these data are the lowest since April 2021.
Yellen said, "Inflation has now dropped significantly," and prices of some previously high commodities such as eggs have returned to pre pandemic levels.
"Nowadays, wage growth is really translating into more real income. So I think Americans will gradually see the situation improving," she said.
Yellen emphasized that she believes the Federal Reserve will not need to exert as much force as it did in the past when inflation was out of control to curb price increases.
"The economic recessions you mentioned were when the Federal Reserve, like the current situation, used tightening policies to lower inflation, but at that time the Federal Reserve believed it was necessary to tighten to the point where the economy fell into recession. In order to lower inflation and deep-rooted inflation expectations, it may be necessary to do so, but we don't need it now," she said.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Former US Treasury Secretary says: The Federal Reserve cannot cut interest rates too much, otherwise inflation will come back!
- Are you here to take another breath? New Federal Reserve News Agency: Cutting interest rates does not guarantee a soft landing
- The voice of the Federal Reserve's "dove" keeps echoing! The US economy is ready for a 'soft landing' and supports further interest rate cuts
- Go long on gold and Bitcoin! Legendary investor: No matter who is elected president, inflation in the United States will rise
- The Federal Reserve cut interest rates by 25 basis points as scheduled, removing the statement 'greater confidence in inflation continuing to move towards 2%' (full text of the statement)
- FED's' big hawks' release doves: Trump's tariff stick may not exacerbate inflation, December may see interest rate cuts!
- Is inflation really under control in the United States? Apollo Co Chairman: Beware of Some 'Catalysts'
- Trump's frenzy turns into concern: the prospect of a "soft landing" for the US economy is threatened!
- Federal Reserve Governor Cook: Inflation is still falling, it is appropriate to continue cutting interest rates
-
11月21日、2024世界インターネット大会烏鎮サミットで、創業者、CEOの周源氏が大会デジタル教育フォーラムとインターネット企業家フォーラムでそれぞれ講演、発言したことを知っている。周源氏によると、デジタル教 ...
- 不正经的工程师
- 昨天 16:36
- 支持
- 反对
- 回复
- 收藏
-
アリババは、26億5000万ドルのドル建て優先無担保手形と170億元の人民元建て優先無担保手形の定価を発表した。ドル債の発行は2024年11月26日に終了する予定です。人民元債券の発行は2024年11月28日に終了する予定だ ...
- SOGO
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
スターバックスが中国事業の株式売却の可能性を検討していることが明らかになった。 11月21日、外国メディアによると、スターバックスは中国事業の株式売却を検討している。関係者によると、スターバックスは中国事 ...
- 献世八宝掌
- 前天 16:29
- 支持
- 反对
- 回复
- 收藏
-
【意法半導体CEO:中国市場は非常に重要で華虹と協力を展開】北京時間11月21日、意法半導体(STM.N)は投資家活動の現場で、同社が中国ウェハー代工場の華虹公司(688347.SH)と協力していると発表した。伊仏半導体 ...
- 黄俊琼
- 前天 14:29
- 支持
- 反对
- 回复
- 收藏