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've stopped asset purchases sooner,"
Powell said, specifically pointing to mortgage-backed securities. He was speaking at the National Association for Business Economics conference.
- Powell acknowledged previous skepticism from market watchers about the inclusion of agency MBS purchases during the pandemic recovery.
- The pace of the central bank's purchase of MBS and U.S. Treasury securities was set to avoid a sharp unwelcome tightening of financial conditions.
Powell's remarks reflect on the central bank's aggressive asset purchases during the COVID-19 pandemic.
Author's summary: Powell reflects on Fed's Covid-era QE.
More News
- Mortgage availability to improve as purchase demand plateaus and remortgages rise – BoE
- Kennedy clan gathers to say goodbye to Joan Kennedy, last of old guard
- The Supreme Court Left No Doubt: It Will Gut the Voting Rights Act
- Da Vinci Diamonds Slot Review & Demo | Gambling.com
- Council rejects Johnston’s deal for downtown auto repair site
- Knoll’s ‘Biboni’ sofa is inspired by 1970s icons and the Michelin Man
- Game of Thrones Power Stacks Slot Review & Demo | Gambling.com
- Jalen Hurts clears air on Carson Wentz era in Eagles with blunt 6-word admission
- Highlights from the Victoria’s Secret Runway Show 2025: Jasmine Tookes’ baby bump, TWICE’s historic debut and more
- Dramatic video shows grain bin collapse in Illinois