Jackson Hole Symposium - U.S. Federal Reserve May Start Tapering Monetary Policy Later This Year: ICICI Direct
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ICICI Direct Report
In U.S. Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Symposium:
Mr. Powell reaffirmed the bank’s plan to begin tapering later this year but has not given the exact timing.
Further, he cautioned a move to begin tapering $120 billion a month bond buying programme should not be interpreted as a sign that rate hikes would soon follow.
Also, he affirmed the U.S. economic recovery and explained why there is no rush to tighten monetary policy.
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