• When Will Interest Rates Rise? Fed Chair Says ‘No Time Soon'

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

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

    1 day ago - By Business Insider

    Summary List Placement Those worrying the Federal Reserve will prematurely rein in monetary stimulus have little to fear, Fed Chairman Jerome Powell said Thursday.
    As COVID-19 vaccines roll out across the country, investors and economists have looked to Fed officials for any hints as to when its extremely accommodative policy stance could reach its conclusion. The central bank is currently buying $120 billion worth of Treasurys and mortgage-backed securities each month to ease market functioning, and its benchmark interest rate remains near zero to encourage borrowing.
    An unexpected...
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