Powell speech: Not appropriate to raise rates while taper is ongoing

Fed Chair Jerome Powell said in his post-Fed meeting press conference that its not appropriate to raise rates while taper is ongoing.

Additional takeaways:

"We have learned regards balance sheet is best to adjust methodically due to market sensitivity."

"We talked today about the balance sheet

"Have not taken a position on whether should pause between the end of the taper and first rate hike."

"We discussed the sequence of events regarding balance sheet runoff last time."

Dec 15, 2021

Powell speech: In my view, we are making rapid progress to maximum employment

Fed Chair Jerome Powell said in his post-Fed meeting press conference that in my view, we are making rapid progress to maximum employment. Additional

Powell speech: Feels likely that higher participation rate is going to take longer, need to make policy now

Fed Chair Jerome Powell said in his post-Fed meeting press conference that it feels likely that a return to a higher participation rate is going to ta