25-April-2024
Economy News
 
Fed's Jerome Powell is moving closer to a dial-back in stimulus
20-Sep-2021

Federal Reserve Chair Jerome Powell faces a communication challenge in the coming week as he leans toward paring back stimulus while trying to avert speculation that such a shift presages future interest-rate increases. Fed officials are expected to signal a start to scaling down monthly bond purchases in their policy statement at 2 p.m. Washington time on Wednesday, the most significant among at least 15 global central bank decisions due. Economists surveyed by Bloomberg see that hint being followed by a formal announcement in November.

News Source:- https://economictimes.indiatimes.com/markets/stocks/news/feds-jerome-powell-is-moving-closer-to-a-dial-back-in-stimulus/articleshow/86336738.cms