Next up for Fed s Powell and the taper test: string theory
By Ann Saphir
Reuters
(Reuters) - The list of what will get Federal Reserve Chair Jerome Powell to start thinking about cutting back on the central bank s support for the U.S. economy is a short one: jobs, jobs and more jobs.
That was perhaps the sharpest message from the Fed s two-day policy-setting meeting that wrapped up Wednesday, at which it left interest rates on hold and repeated a pledge to continue buying bonds at its current pace until it sees substantial further progress toward its twin goals of full employment and 2% inflation.
BusinessNext up for Fed s Powell and the taper test: string theory
Ann Saphir
4 minutes read
Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh/Pool via REUTERS
The list of what will get Federal Reserve Chair Jerome Powell to start thinking about cutting back on the central bank s support for the U.S. economy is a short one: jobs, jobs and more jobs.
That was perhaps the sharpest message from the Fed s two-day policy-setting meeting that wrapped up Wednesday, at which it left interest rates on hold and repeated a pledge to continue buying bonds at its current pace until it sees substantial further progress toward its twin goals of full employment and 2% inflation.
Next up for Fed s Powell and the taper test: String theory indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
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