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Powell Says Fed Taper Could Start ‘Soon’ and End Around Mid-2022

  • Fed chair says taper timing, pace not a signal on rate liftoff
  • Projections show officials evenly divided on 2022 rate hike
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Fed's Powell Says Taper ‘May Soon Be Warranted'
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Federal Reserve Chair Jerome Powell said the U.S. central bank could begin scaling back asset purchases in November and complete the process by mid-2022, after officials revealed a growing inclination to raise interest rates next year.