Confident that there is no inflation even if $1.9 trillion is released
[아시아경제 뉴욕=백종민 특파원] = U.S. Treasury Secretary Janet Yellen predicted that the U.S. labor market, which was hit by the Corona 19 incident, will recover to its normal level after the end of the year. Commerce Minister Gina Rumando suggested that the dollar would be strong.
[이미지출처=AP연합뉴스]
Minister Yellen said this in a video interview with the President of the International Monetary Fund (IMF) Cristina Georgeva and International Women on the day.
“I think there is a prospect that the labor market can really get back on track by the end of this year or next year,” said Secretary Yellen.
“We are concerned about the possibility that the Corona 19 crisis will leave a permanent scar. We are trying to get back to normal as soon as possible.” Indirectly emphasized that there will be left.
Secretary-General Georgiva also called the US policy to relieve the poor as “very progressive and serious.”
Minister Yellen also dismissed concerns that economic stimulus measures would lead to inflation.
“The unemployment rate before the Corona 19 pandemic was only 3.5%, but there were no signs of inflation,” Yelan told MSNBC on the same day.
Minister Yellen’s remarks came a day before the House vote on the economic stimulus bill passed through the Senate on the 6th.
Commerce Secretary Rumando denied the need to induce a weak dollar.
When asked if he would support a weak dollar in an interview with CNN, Secretary Rumando insisted that “they are experts in the field, but the Kang dollar is in the interests of the United States.”
This can be interpreted as predicting that the dollar’s value will rise as the US economy recovers rapidly.
On the other hand, as of 3 p.m. that day, the US 10-year Treasury bond rate is formed at 1.596%. In the morning, it rose to 1.613%, but the rate of gain has slowed slightly since.
The dollar index, which shows the value of the dollar against major currencies, is forming at 92.368, up 0.41%. Although the outlook that the dollar’s value will decline due to large-scale economic stimulus measures was dominant, it recovered to the level at the end of November last year with the recent rise in US Treasury yields.
New York = correspondent Baek Jong-min [email protected]