https://www.wsj.com/articles/feds-powell-signals-easy-money-policies-to-remain-in-place-for-a-while-11612983601
Fed's Powell Signals Easy Money Policies to Remain in Place for a While
Fed chairman also says monetary policy alone won't be enough to restore the labor market to full strength
Recent changes to the Federal Reserve's monetary policy framework could boost prospects for marginalized groups. Raphael Bostic, President of the Federal Reserve Bank of Atlanta, explains. (Originally published Dec. 17, 2020)
By Paul Kiernan
Updated Feb. 10, 2021 4:58 pm ET
WASHINGTON—The Federal Reserve will continue bolstering the U.S. economy through low interest rates and hefty asset purchases, Chairman Jerome Powell said Wednesday, stressing that the labor market remains stunted by the pandemic.
The Fed is unlikely to "even think about withdrawing policy support" by raising rates or reducing its bond purchases for the foreseeable future, Mr. Powell said at a virtual appearance before the Economic Club of New York.