Fed to Taper $120 Billion Monthly Bond Purchases in 2021, Powell Hints in Jackson Hole

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  • 01 mins 21 secs
Fed Chair Jay Powell is suggesting that the Fed could be ready to wind down some of its emergency stimuli before the end of the year. Speaking virtually at the annual Jackson Hole Symposium, he hinted at tapering, but reminded investors that winding down bond purchases is a separate issue from interest rates with a separate set of criteria.

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