Time for Fed to Taper Bond Purchases But Not to Raise Rates, Powell Says

(Reuters) -Federal Reserve Chair Jerome Powell on Friday said the U.S. central bank should start the process of reducing its support of the economy by cutting back on its asset purchases, but should not yet touch the interest rate dial.

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FXEN NEWS

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Time for Fed to Taper Bond Purchases But Not to Raise Rates, Powell Says

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