Powell says US is recovering faster than expected

Jerome Powell, Federal Reserve chair, acknowledged US policy-makers are now expecting a stronger economic rebound, which could signal an earlier tightening of monetary policy.

The Federal Open Market Committee (FOMC) concluded its fourth meeting of 2021 today (June 16), unanimously voting to keep the policy rate in the range of 0% to 0.25%. The Fed will also continue purchasing $120 billion in assets each month.

Powell has been repeatedly asked by journalists if the FOMC is “talking about

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