Fed’s Powell Says Rate Hike Won’t Happen Anytime Soon

Fed’s Powell Says Rate Hike Won’t Happen Anytime Soon

US Federal Reserve Chairman Jerome Powell said Thursday that an interest rate hike will not come anytime soon, rejecting suggestions that the central bank may begin to reduce its bond purchases. In the near future.

The economy remains far from the Federal Reserve’s targets and Powell sees no reason to alter its highly expansive stance “until the job is truly done and well done,” he said in a live interview with a University of California professor. Princeton.

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