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Federal Reserve Chair Jerome Powell comments on tapering, temporal rising cost of living, the U.S. dollar as the world's reserve money, and more. The statement follows the Fed kept its monetary policy unchanged while minimizing rising inflation.
" It's not time to begin talking about tapering. We'll let the general public recognize well ahead of time. It will certainly take a while before we see considerable additional development," Powell informed reporters. "We had one great jobs report. It is not enough to begin speaking about tapering. We'll require to see more information."
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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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