Home / Breaking News / Breaking: Powell Endorses Tapering Before Year-End

Breaking: Powell Endorses Tapering Before Year-End

U.S. Federal Reserve Chairman Jerome Powell said on Friday that it is likely that scaling back the asset purchases will begin before the end of the year.

He did, however, rule out raising interest rates in the near future.

Powell was speaking earlier at the annual Jackson Hole Economic Symposium, which is being held virtually this year.

Check Also

Gold Breaks Past $3,600 to Set New All-Time Peak

Gold prices hovered close to record levels on Monday, extending last week’s rally after weak …