The Federal Reserve of EE UU is facing a recovery in the second half of this year | Economy

The actions of the great technology companies have started this March the Wall Street session with caidas, in a market preoccupied with the eventual interest in the tax bags of the Treasury of the United States and the hope of the comparative ante the Congress of Jerome Powell, President of the Federal Reserve (Fed). As far as optimism is concerned, Powell has taken steps to ensure that inflation constitutes a major boost to the economy as it initiates its recovery, even to the second half of this year, and the central bank will continue to support it. looking for clues and buying massive bonuses.

In his hearing before the Senate Banking Committee to present its monetary policy semester information, Powell verklaar: “The pandemic has caused a significant drop in inflation. For some of the sectors that are most severely affected the prices are particularly debilitating. In general, in the last 12 months, inflation has been rising due to a 2% increase in our target. ”

The economic recovery is desigual and deserves to be complete, reiterates the President of the Fed, citing the example of the labor market to illustrate the inconsistency of the majority. “Although he has made many progresses in the labor market, he has millions of employees in paro”, he recorded; “The truck we are traveling on continues to be considerably shorter”.

The example has corrected its tendency to dramatically increase the year passed by the total shareholder of the economic activity, for the official tax rate of 6.3%, following the double registration in February 2020. (3.5%), with a negative record of 14.7% in April, corresponds to the incidence of the first oil and the distinct confinements decreed by the States. In the last quarter of the year, it was around 7%, indicating a shortfall.

The market, while, empires the notorious consumer confidence, with a perceptible increase in gas, but other sectors continue to be blamed for the paralysis derivative. Construction activity and industry are taking over the economy. The most recent forecasts of the central bank point to a decrease of 4.2% this year, after the 2.4% record recorded the past.

When it comes to completing one year of the Fed’s estimate policy, which has kept the euro’s monthly price up to 0%, it has a monthly debt increase of 120,000 million dollars to import, Powell is showing up significantly optimistic, without abandoning its traditional cautela. “Although we do not underestimate the challenges we face in delinquency, the highs and lows of a majority of the prospects for the most advanced in the year. About everything, if progress continues in [el ritmo de distribución de] the vacancies help to accelerate the return to normal activities ”, dijo.

Some economists have announced the economy’s sobriety risk over the fact that the evacuation process is generalizing and will have a majority of stadiums – a horizon, according to President Joe Biden, which will be completed in July, according to Fed officials he underestimated his preoccupation. The dynamics that reflect inflation in general “do not change by a cent,” Powell said this March, reiterating that if it were to sue and issue a reprieve, the Fed would provide adequate supplies to freeze the debt.

The Fed’s policy estimates are in addition to the large packages of aid approved this year by the Congress, and the ambitious 1.9 trillion dollar value program, approved by the Chambers, with the Administration of Biden pretends to respond to the needs of families and widows.