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U.S. Federal Reserve Vice Chairman nominee Layer Breinard has expressed his willingness to respond strongly to inflation.

The nominee for Breinard made the remarks at a confirmation hearing of the Senate Financial Services Commission on the 13th.

Breinard pointed out that inflation is very high at the moment and said the inflation issue is the most important issue the Fed is facing now.

According to data released by the Ministry of Labor on the 12th, the consumer price index rose 7% in December last year from the same Giga in the previous year, the largest increase in 40 years.

Nominee Branard also said the Fed will soon raise its key interest rate.

Nominee Breinard said the Fed has hinted several times that it will raise its key interest rate this year, adding that it will launch it as soon as it finishes reducing asset purchases, or tapering.

Earlier in December last year, the Fed said it would finish reducing asset purchases in March, earlier than expected.

Philadelphia Federal Reserve Bank President Patrick Harker earlier said at an event that the Fed expects to raise its key interest rate by 0.25% in March.

VOA news.

This article referred to Reuters communication.

출처 : VOA한국