Fed signals bond-buying taper coming 'soon'
While no decisions have yet been made on the exact pace and timing of how the central bank will reduce its asset purchases, Federal Reserve Chairman Jerome Powell said it "seems appropriate" for the taper to begin "soon" and through mid-term Could be completed in 2022.
"Participants generally believe that as long as the recovery remains on track, a gradual wind-down process that will be completed around the middle of next year is likely to be appropriate," Powell said at a press conference following the end of the Fed's recent two-day policy meeting .
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