Stock Groups

Appropriate to consider wrapping up taper sooner -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell listens as U.S. President Joe Biden nominates him for a second four-year term in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., November 22, 2021.

(Reuters) – U.S. Federal Reserve Chairman Jerome Powell said Tuesday that it was appropriate for the bank to speed up the end of its taper of large-scale bond purchase. This decision is based on strong economic conditions and high inflation.

The Fed began tapering earlier in the month. They announced a timeline for its reduction that would finish it by mid-year. But, most people expect that they will revisit this schedule at their next meeting in two week. Powell spoke during testimony before the Senate Banking Committee.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]