Chairman Jerome Powell said repeatedly in answering questions after the Federal Reserve meeting last month that there had not even been talk of talking about reducing monthly bond purchases. Despite his assertion that there had been no move — even two stages removed — to tighten, minutes of the discussion released last Wednesday tell a different story.
Fed on Tightening: Mixed Messages
Fed on Tightening: Mixed Messages
Fed on Tightening: Mixed Messages
Chairman Jerome Powell said repeatedly in answering questions after the Federal Reserve meeting last month that there had not even been talk of talking about reducing monthly bond purchases. Despite his assertion that there had been no move — even two stages removed — to tighten, minutes of the discussion released last Wednesday tell a different story.