Powell: Fed on track to slow aid for economy later this year

Powell: Fed on track to slow aid for economy later this year

By Christopher Rugaber | Associated Press
WASHINGTON — The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Fed’s extraordinary response to the pandemic recession.
In a speech given virtually to an annual gathering of central bankers and academics, Powell…

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