Powell Acknowledges Fed's Covid-Era QE Could Have Ended Sooner
Federal Reserve Chair Jerome Powell has acknowledged that the central bank's large-scale asset purchases during the pandemic may have been an overreaction.
The Fed likely "should have stopped" sooner, but this decision was not made.
Speaking at the National Association for Business Economics conference, Powell noted that the pace of the central bank's purchase of mortgage-backed securities (MBS) and U.S. Treasury securities was set to avoid a sharp tightening of financial conditions.
- The Fed's asset purchases during the pandemic have been subject to skepticism.
- Powell stopped short of admitting that the purchase of MBS contributed to housing disparities.
Author's summary: Powell reflects on Fed's Covid-era QE, acknowledging possible overreaction.
More News
- Marvin Vettori's Comeback: Aiming to End His Three-Fight Skid at UFC 323
- View from the Opposition: Scott Parker on the challenge Palace pose
- Awareness walk held to commemorate INT'L Anti-Corruption Day
- Newcastle 2-1 Burnley: Scott Parker post-match interview
- Durham Council Delays Major Development at Former Police Headquarters
- Bridging Generations in B&NES to commemorate Holocaust Memorial Day 2026
- [COMMEMORATE definition and meaning | Collins English ...]
- Scott Parker Newcastle Press Conference
- Scott Parker says there is a real calmness at Burnley
- Time to talk about Bruno! Brunno Ferreira defeats Marvin Vettori by Unanimous Decision