Fed’s Powell: It’s ‘too early’ to taper


Federal Reserve Chair Jerome Powell comments on tapering, transitory inflation, the U.S. dollar as the world’s reserve currency, and more. The statement comes after the Fed kept its monetary policy unchanged while downplaying rising inflation.

“It’s not time to start talking about tapering. We’ll let the public know well in advance. It will take some time before we see substantial further progress,” Powell told reporters. “We had one great jobs report. It is not enough to start talking about tapering. We’ll need to see more data.”
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