Fed chief signals supports for economy could begin to be pulled back this year if recovery stays on track
8/27/21
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from The Washington Post,
8/27/21:
The American recovery appears to be strongly on track despite lingering uncertainty about the surging coronavirus, Federal Reserve Chair Jerome H. Powell said Friday, adding that continued progress could spur the central bank to start unwinding its support for the U.S. economy later this year.
Powell reasserted his belief that rising inflation will be a temporary feature of the recovery, even as prices rise at a faster clip than many Fed policymakers expected. And Powell said he was optimistic that the labor market would keep gaining momentum
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