Fed plays down US economic rebound

Jerome Powell
Jerome Powell
Federal Reserve

The Federal Reserve held its monetary policy steady today (April 28), emphasising in a statement that the US economy is not yet ready for stimulus to be withdrawn.

During the post-meeting press conference, chair Jerome Powell said the economy remained a “long way from our goals”. He added: “It is likely to take some time before substantial further progress is achieved.”

Powell dismissed the possibility of tapering asset purchases any time soon, and said any change to the purchase programme

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