Powell Says Achieving ‘Substantial Further Progress’ a Ways Off

Bloomberg, July 14, 2021–Craig Torres
Federal Reserve Chair Jerome Powell said the U.S. economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases, while adding that inflation is likely to remain high in coming months before moderating.
https://www.bloomberg.com/news/articles/2021-07-14/powell-says-achieving-substantial-further-progress-a-ways-off?srnd=premium