美联储主席杰罗姆·鲍威尔(Jerome Powell)将于周二向国会议员保证,在失业率创纪录的情况下,美联储已准备好使用“全套工具来支持经济”。
“在这个充满挑战的时代,我们致力于使用我们的各种工具来支持经济,尽管我们认识到这些行动只是更广泛的公共部门应对措施的一部分,”鲍威尔将在他的准备好开场白在监督银行业的参议院委员会面前。
他将继续说,国会在3月份通过的历史性的2.2万亿美元救助计划,也就是众所周知的“关爱法案”,在“使美联储和财政部能够建立”贷款计划以维持艰难的企业生存方面发挥了关键作用。
2月12日,在DC首都华盛顿,联邦储备委员会主席杰罗姆·鲍威尔在参议院银行、住房和城市事务委员会的听证会上倾听。
当国会的共和党人和白宫的一些人主张“暂停”更多的援助时,鲍威尔表示需要更多的援助。在哥伦比亚广播公司的采访中60分钟周日播出,他说经济复苏可能需要一年多时间,并“延续到”2021年底。
上周,鲍威尔表示,投入更多资金“可能代价高昂”,但“如果有助于避免长期损害,并为我们带来更强劲的复苏,这将是值得的。”
财政部长穆努钦将与鲍威尔一起证明联邦政府对流行病的经济反应,这是《关心法案》的一个透明组成部分。
鲍威尔进一步表示,他们将开始“每月披露每个”联邦贷款项目参与者的姓名和详细信息;“借款金额和收取的利率;以及每个设施的总成本、收入和费用。”他没有提到具体的时间表。
美联储将政策利率下调至接近零的水平,作为应对大流行的多方面措施的一部分。鲍威尔将表示,他预计将维持低利率,“直到我们确信经济已经经受住了最近的事件,并走上实现我们的最大就业和价格稳定目标的轨道。”
FEDERAL RESERVE USING 'FULL RANGE OF TOOLS' TO FIGHT ECONOMIC EMERGENCY, POWELL EXPECTED TO TELL CONGRESS
The chair of the Federal Reserve, Jerome Powell, will pledge to members of Congress on Tuesday that the central bank is ready to use its "full range of tools to support the economy" amid record unemployment.
"We are committed to using our full range of tools to support the economy in this challenging time even as we recognize that these actions are only a part of a broader public-sector response," Powell will say in his prepared opening remarks before the Senate committee that oversees banking.
He will go on to say that the historic $2.2 trillion relief package passed by Congress in March, known as the CARES Act, was "critical in enabling the Federal Reserve and the Treasury Department to establish" lending programs in a bid to keep struggling businesses afloat.
Federal Reserve Board Chairman Jerome Powell listens during a hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill February 12 in Washington, DC.
While Republicans on Capitol Hill and some in the White House are advocating for a "pause" in more aid, Powell has indicated that more is needed. In an interview with CBS 60 Minutes aired Sunday, he said the economic recovery could take more than a year and "stretch through the end of" 2021.
Last week, Powell said dolling out more money "could be costly" but that it would be "worth it if it helps avoid long-term damage and leaves us with a stronger recovery."
Testifying alongside Powell about the federal government's economic response to the pandemic that is required as a transparency component of the CARES Act will be Treasury Secretary Mnuchin.
Powell further said that they will begin "disclosing, on a monthly basis, names and details of participants in each" federal lending program; "amounts borrowed and interest rate charged; and overall costs, revenues, and fees for each facility." He did not mention a specific timeline.
The Fed lowered its policy interest rate to near zero as part of a multi-faceted response to the pandemic. Powell will say he expects to maintain the low interest rates "until we are confident that the economy has weathered recent events and is on track to achieve our maximum-employment and price-stability goals."