- Fed's chair Powell: Bond buying will continue at current pace until we see substantial progress towards our goals
Market news
24 February 2021
Fed's chair Powell: Bond buying will continue at current pace until we see substantial progress towards our goals
- That's actual progress not forecast progress
- This will be the year in which the Fed engages with public on digital dollar
- We could well need legislative authority for digital dollar
- Repeats that there is lot of slack in the labor market, there is long way to go to full employment
- We want inflation expectations anchored at 2%, not below
- We believe we can and will get to 2%, may take longer than three years to do so
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