Federal Reserve Chair Jerome Powell, in a press conference, said central bank members forecast a tapering of the pandemic-era bond buying program ending around the middle of 2022.
“Participants generally view, so long as the recovery remains on track, gradual tapering process that concludes around the middle of next year is likely to be appropriate,” Powell said.
Tags 2022 bond tapering FED powell
Check Also
Euro Zone Business Activity Slumps Amid Manufacturing and Services Declines
Euro zone business activity suffered an unexpected and sharp downturn in November, as the region’s …