Powell Sees Taper by the End of the Year, But Says There's 'Much Ground to Cover' Before Rate Hikes - NewsBreak
By Victor in Business
Updated 3 years ago
Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin tapering before the end of the year. But he said rate hikes aren't imminent as there is still "much ground to cover" before the economy hits full employment. The speech was part of the Fed's...