Powell: QE taper likely 'well before' interest rat
Powell: QE taper likely 'well before' interest rate increase Reuters | Apr 15, 2021 12:39 AM EDT Chairman of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing on "The Quarterly CARES Act Report to Congress" (Photo : Susan Walsh/Pool via REUTERS/File Photo) The Federal Reserve will reduce its monthly bond purchases before it commits to an interest rate increase, Fed Chair Jerome Powell said on Wednesday, clarifying the order of monetary policy changes that are still months if not years in the future. The Fed is currently buying $120 billion a month in governm...