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MNI BRIEF: Powell Says Taper Could Come at Next Meeting

MNI (Washington)
WASHINGTON (MNI)

Fed Chair also said it may be appropriate to end tapering around the middle of next year.

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Federal Reserve Chair Jerome Powell said Wednesday the Fed could start reducing QE as early as its November meeting.

"That could come as soon as the next meeting," he said, adding that the taper could end sometime in the middle of 2022. MNI had reported before the meeting the Fed would likely signal such a timeline at this meeting.