9/22, 9:22 PM (Source: TeleTrader)
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Powell does not expect rate liftoff before taper end

Head of the Federal Reserve Jerome Powell (pictured) stated on Wednesday that he does not expect the central bank to raise the interest rate before it ends the taper.

Further, the official noted that the taper will be gradual, asserting that the Fed can speed up or slow down the process if the economic conditions change.

"Inflation expectations are terribly important, if they moved up measurably Fed would react," Powell said.

Breaking the News / MD