Fed could reduce monthly shopping for year-end bonuses, says Powell

The Federal Reserve (Fed, Central Bank) could reduce your asset purchases by the end of the year. The situation is part of a context of economic recovery in w

Fed could reduce monthly shopping for year-end bonuses, says Powell

The Federal Reserve (Fed, Central Bank) could reduce your asset purchases by the end of the year. The situation is part of a context of economic recovery in which the labor market is strengthened, the President of the Federal Reserve, Jerome Powell said on Friday.

Powell did not give details of dates to reduce massive purchases of bonds on their very expected speech, but pointed out that the Fed will wait to increase reference interest rates from their current levels of 0-0.25%, and will not react to the Inflationary pressures that you consider temporary.

Updated Date: 27 August 2021, 10:41

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