Powell speech: Will let the world know well in advance of any taper of asset purchases
|FOMC Chairman Jerome Powell is delivering his remarks on the economy and policy outlook at an online event organized by Princeton Bendheim Center for Finance.
Key quotes
"Guidance on rates, asset purchases is not time-based but outcome-based."
"We will be very very transparent as we get close."
"When it does become appropriate to discuss specific dates for QE taper, we will let the world know."
"We will let the world know well in advance of any taper of asset purchases."
"Fed is studying risks of stablecoins, a very high priority."
About Jerome Powell (via Federalreserve.gov)
Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.
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