Economics

Powell Says U.S. Entering Faster Growth, Though Virus Spike Remains a Risk

  • Fed enters blackout period at end of week ahead of April FOMC
  • U.S. entering period of faster growth; case spike a risk
Federal Reserve Chair Jerome Powell says it’s highly unlikely interest rates will rise before the start of 2022.(Source: Bloomberg)
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The Federal Reserve will likely scale back its bond purchases before considering raising interest rates, Chairman Jerome Powell said, hardening expectations on the sequence of its eventual exit from aggressive policy support.