(Reuters) – U.S. Federal Reserve Chair Jerome Powell on Thursday said an interest rate hike is coming “no time soon” and pushed back against suggestions the central bank might start tapering its bond purchases any time soon.
The economy remains far from the Fed’s goals and Powell sees no reason to alter its highly accommodative stance “until the job is well and truly done,” he said in a livestreamed interview with a Princeton University professor.
(Reporting By Dan Burns; Editing by Chris Reese)
