FOMC meet

What Jerome Powell didn’t do: Lay the groundwork for higher rates

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What Jerome Powell didn’t do: Lay the groundwork for higher rates

The real news out of the Federal Reserve on Wednesday was not in what it did, but in what Chair Jerome Powell didn’t do. The thing that the Fed’s policy committee did — announce that the central bank would gradually wind down its economy-stimulating program of buying bonds — was highly telegraphed and comfortably in … Read more

Fed says progress made towards conditions for tapering bond buys

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Fed says progress made towards conditions for tapering bond buys

Federal Reserve officials indicated they have begun discussing when to tap the brakes on their robust support for the U.S. economy amid an inflation surge, even as the delta variant of the coronavirus poses a increasing threat to growth. The central bank kept the target range for its benchmark policy rate unchanged at zero to … Read more