Powell Bought the Fed More Time to Learn About Delta Variant, Says Economist

Federal Reserve Chair Jerome Powell delivered his latest remarks regarding the state of the economy. Joe Brusuelas, chief economist at RSM U.S., joined Cheddar’s Closing Bell to break down Powell’s remarks, noting that it was largely a status quo statement except for what he noted as a possible longer time frame before tapering asset purchases. "The major takeaway I think today is, both from the statement and the presser, the Fed bought time to learn more information about the evolution of the delta variant and its risk to the economy," he said.
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