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Fed to Stress Patience on Scaling Back as Virus Threat Lurks

  • Delta variant seen giving Powell another reason to be cautious
  • Fed to discuss tapering bonds, which is ‘still a ways off’
Jerome Powell
Jerome PowellPhotographer: Al Drago/Bloomberg

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With the delta variant posing a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell and his colleagues are likely to emphasize patience on scaling back the central bank’s massive policy support.