• Monetary stimulus will remain in place well into economic recovery, Fed Chair Powell says

    7 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...
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