Federal Reserve Chairman Jerome Powell is readying markets for an announcement of a slowdown in its asset purchases, suggesting that the U.S. economic recovery looks fit enough to sustain reduced Fed stimulus as soon as next month.
Powell said the Fed is “on track” to begin slowing the pace of its U.S. Treasury and agency mortgage-backed securities purchases, which it is currently doing at a clip of about $120 billion a month.
He added that if economic conditions progress as expected, the…
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