Powell says better outlook reflects vaccine progress, fiscal aid ...Qatar

Federal Reserve chair Jerome Powell said the US central bank would wait until the economy has “all but fully recovered” to pull back the extraordinary monetary support it rolled out in response to the coronavirus pandemic. “As we make substantial further progress towards our goals, we’ll gradually roll back the amount of Treasury and mortgage-backed securities we’re buying. And then in the longer run, we’ve set out a test that will enable us to raise interest rates,” Powell said in an interview on National Public Radio’s Morning Edition show on Thursday. “So, we will – very, very gradually, over time, and with great transparency, when the economy has all but fully recovered – we will be pul

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