The harm the Fed wants to avoid - NewsBreak
By Frank in Business
Updated 3 years ago
Fed chair Jerome Powell isn't in a hurry to dial back loose monetary policy because he doesn't want to cause "lasting harm" to the economy. Why it matters: With the economy progressing, everyone wants to know when the Fed will taper its monthly purchases of $120 billion worth of bonds, an emergency policy intended to keep interest rates low and financial markets liquid during the pandemic.