Federal Reserve Chair Jerome Powell He said it would be appropriate to consider finishing the U.S. central bank Tapered Purchased assets months earlier than previously expected inflation Prove that it is more sustainable than expected.
Powell commented in response to a question at a Senate Banking Commission hearing in Washington on Tuesday. The Federal Reserve Board is currently planning to complete the asset purchase program in mid-2022 under a plan announced in early November. Policy makers can then meet from December 14th to 15th, where they can make decisions to accelerate tapering.
“It’s appropriate to consider summarizing the gradual asset purchases that were actually announced at the November meeting, perhaps a few months earlier,” Powell said.
US stocks expanded losses following his comment, but yields 10 years US Treasuries Suppressed their decline.
Shortly before commenting on asset purchases, Powell said it was time to stop using the word “temporary” to describe inflation.
“We tend to use it to mean that it leaves no permanent traces in the form of higher inflation,” Powell said. “I think it’s a good time to retire from that word and try to explain more clearly what we mean.”
-With the help of Christopher Condon.
US Federal Reserve Board Tapered: Fed Jerome Powell Considers Tapered Bonds In Hot Inflation
https://economictimes.indiatimes.com/markets/stocks/news/feds-jerome-powell-weighs-earlier-end-to-bond-tapering-amid-hot-inflation/articleshow/88014730.cms US Federal Reserve Board Tapered: Fed Jerome Powell Considers Tapered Bonds In Hot Inflation