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"But we do believe that our action will provide a meaningful boost to the economy," said Powell. "More specifically, it will support accommodated financial conditions and avoid a tightening of financial conditions which can weigh on activity and will help boost household and business confidence."
"Car dealers won't be replaced," he said emphatically. So, the real question is how to update and maximize their services in the right direction.
"China may increase the interest rates for open market operations following the possible US rate hike, but in a moderate way, a similar move as it took in December and March," said Yang, who also suggested a further cut in the cash that banks set aside as reserves when liquidity risk increases.
"By closely examining these criteria and measures, we can turn the slogan into science and science into concrete, practical actions," he said, adding China will need more data and quantitative analysis, especially at the local level, to accurately assess the results of modernization.
"COVID-19 has disrupted our social and economic order at lightning speed and on a scale that we have not seen in living memory," Georgieva said.
来源：资阳报