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MNI BRIEF: Fed Will Warn In Advance of Taper: Powell

Federal Reserve Chair Jerome Powell dodged questions Wednesday about when the economy might meet the Fed's criteria for reducing bond buys -- making "substantial further progress" toward the central bank's goals.

MNI reported exclusively this week he would remain purposefully elusive to buy the Fed wiggle room. "We will provide as much notice of any advanced taper as possible," Powell said in response to a reporter's question.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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