Analysis: U.S. Fed tames taper talk, but investors look for clues in coming months By Kate Duguid Reuters NEW YORK (Reuters) - Investors have received some reassurance that the Federal Reserve will not imminently reduce its support of the U.S. economic recovery, but they expect the Fed to provide more concrete clues on a tapering of bond purchases in the months ahead. At the conclusion of the U.S. central bank's latest policy meeting on Wednesday, Fed Chair Jerome Powell acknowledged the economy's growth, but said there was not yet enough evidence of "substantial further progress" toward recovery to warrant a change in policy. The Fed has been purchasing $120 billion of government-backed debt a month since June 2020, but is expected to reduce that as the economy improves.