The US Federal Reserve’s continued loose monetary policy under chair Jerome Powell has been coupled with a huge injection of US government funding into the economy. Photo: Getty Images The US Federal Reserve’s continued loose monetary policy under chair Jerome Powell has been coupled with a huge injection of US government funding into the economy. Photo: Getty Images
The US Federal Reserve’s continued loose monetary policy under chair Jerome Powell has been coupled with a huge injection of US government funding into the economy. Photo: Getty Images

American Rescue Plan: China increasingly concerned by US economic policy after Fed maintains loose stance

  • US Federal Reserve repeated it would keep its benchmark interest rate near zero and continue sizeable asset purchases to pump liquidity into financial markets
  • Last week, the US$1.9 trillion American Rescue Plan was also signed into law following the previous US$900 billion stimulus plan passed in December

Topic |   US-China relations
The US Federal Reserve’s continued loose monetary policy under chair Jerome Powell has been coupled with a huge injection of US government funding into the economy. Photo: Getty Images The US Federal Reserve’s continued loose monetary policy under chair Jerome Powell has been coupled with a huge injection of US government funding into the economy. Photo: Getty Images
The US Federal Reserve’s continued loose monetary policy under chair Jerome Powell has been coupled with a huge injection of US government funding into the economy. Photo: Getty Images
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