Chefen for den amerikanske centralbank, Fed, Jeromy Powell, sagde i går til CBS, at krisen kan vare til udgangen af 2021. Genopretningen vil tage tid, fordi forbrugerne kan være tilbageholdende, indtil der kommer en vaccine. Han vil ikke udelukke, at den midlertidige ledighed stiger til 25 pct., men tror dog, at et overvældende flertal vil vende tilbage til arbejdet. Dow-futures steg på hans udtalelser, fordi han også sagde, at man ikke skal undervurdere amerikansk økonomi.
Uddrag fra Fidelity/Marketwatch:
Dow futures climb 300 points as Fed’s Powell says don’t ‘bet against American economy’– even as unemployment could rise to 25%
U.S. stock-index futures pointed to gains for stocks at Monday’s open as Federal Reserve Chairman Jerome Powell said that Americans need to prepare for a tough road ahead in the aftermath of the COVID-19 pandemic but said he wouldn’t bet against the domestic economy’s ability to persevere through the most significant public-health crisis in more than a century.
Futures for the Dow Jones Industrial Average rose 283 points, or 1.2%, at 23,800, those for the S&P 500 index were up 33.85 points, or 1.2%, at 2,880.50, while Nasdaq-100 futures were advancing 100.50 points, or 1.1%, at 9,197.
In an interview with CBS’ “60 Minutes” program (https://www.cbs.com/shows/60_minutes/?mod=article_inline), which aired Sunday, Powell said that the road to recovery for the U.S. may take a while and consumers may lack conviction until efforts to find a vaccine for the illness derived from the novel strain of coronavirus are successful.
That said, the monetary-policy maker (http://www.marketwatch.com/story/feds-powell-tells-60-minutes-hes-not-out-of- ammunition-to-fight-the-recession-2020-05-17) struck a cautiously sanguine tone about the likelihood for a relatively near-term rebound for an economy that has shown signs of the extreme toll taken on it by measures in place to limit the spread of the pathogen.
“In the long run and even in the medium run, you wouldn’t want to bet against the American economy,” Powell said during the television interview. He did caution that a second wave of infections could rattle confidence further.
Powell also acknowledged that the unemployment rate could hit as high as 25%, marking levels not seen since the Great Depression. But the Fed boss said that he didn’t fear a second depression for the U.S., forecasting that an economic rebound would start to take shape in the second half of the year.
