Federal Reserve Chairman Jerome Powell holds a press conference after the central bank wraps up its two-day policy meeting on Wednesday. After Monday’s market turbulence, the Federal Reserve’s challenge will be to sound reassuring while acknowledging it’s preparing to make its first major step away from the easy policies it put in place to fight the pandemic.
The central bank is widely expected to indicate it is getting ready to announce it will start paring back its $120 billion in monthly purchases of Treasurys and mortgage-backed securities.
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LIVE: Fed Chair Powell holds press conference on economic and interest rate forecasts — 9/22/21