Powell Opines On Asset Purchases, Waller Says Economy ‘Ready To Rip’

Federal Reserve Chairman Jay Powell gave markets an important morsel this week when he opined on the timing of when the Fed would taper asset purchases in relation to when it would raise rates. He clarified that the world’s most important central bank will slow the pace of its bond purchase “well-before” it decided to raise rates. He spoke at the Economic Club of Washington DC. The comments came only a day after the Labor Department came out with its inflation numbers. The CPI saw the big...

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