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Business Mag Search: Economy
When Will Interest Rates Rise? Fed Chair Says ‘No Time Soon'
10 days ago - By NY Times
Jerome H. Powell, chair of the Federal Reserve, said the central bank remained far from dialing back support for the economy.
Read more ...Monetary stimulus will remain in place well into economic recovery, Fed Chair Powell says
10 days ago - By Business Insider
Getty Images / Tasos Katopodis
Federal Reserve Chairman Jerome Powell reiterated Thursday that the central bank is far from tapering its asset purchases or raising interest rates.
"Now is not the time to be talking about an exit" from easy monetary policy, the central bank chief said in a virtual discussion .
The comments come after various Fed officials suggested that inflation could pick up faster than expected and, in turn, prompt an early rate hike.
Powell rebuffed fears of an unexpected policy shift, noting the central bank will notify the public "well in advance" if it is considering...
Read more ...Powell signals Fed will keep aiding economy with bond buying
10 days ago - By Chron
WASHINGTON - Federal Reserve Chair Jerome Powell sought Thursday to tamp down any concerns that the Fed might soon withdraw some of its support for the U.S. economy and stressed that any such pullback would be signaled far in advance.
During an online discussion hosted by Princeton University, from which Powell earned his undergraduate degree, the Fed chair said the recovery of the economy from the pandemic recession “is far from our goals." The Fed had said after its last policy meeting last month that it would continue to buy $120 billion in bonds each month until the economy made...
Read more ...Watch Fed Chair Jerome Powell live in a Q&A on the economy
10 days ago - By CNBC
Federal Reserve Chairman Jerome Powell speaks Thursday in a virtual chat hosted by the Princeton University Bendheim Center for Finance.
Read more ...
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