Powell said the Fed may begin to reduce debt purchases this year

Securities Times e Company News, US Federal Reserve Chairman Powell said on the 27th that if the overall US economic development is in line with expectations, it may be appropriate for the Fed to start reducing its asset purchase plan this year, but it will take time to raise interest rates. On the same day, Powell attended the Jackson Hole Economic Policy Forum, known as the Global Central Bank Conference, on the same day that the US economy has made “further substantive progress” towards the goal of price stability, and has also made significant progress in achieving full employment. He and most Fed officials agreed that if the overall U.S. economic development is in line with expectations, the Fed may begin to reduce its bond purchases this year. (Xinhuanet)