Economics

Powell Says Fed Will Wrap Up Strategy Review in Near Future

Fed Pledges to Use All Tools to Support Economy
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The Federal Reserve will wrap up its review of monetary-policy strategy, tools and communications in the near future, Chair Jerome Powell said.

“At this meeting, my colleagues and I resumed our discussions” about the review, which was temporarily delayed by the onset of the pandemic, Powell said Wednesday in opening remarks prepared for a press conference following a two-day meeting of the Federal Open Market Committee.