Fed's Powell suggests tightening program could end soon, offers no guidance on rates
CNBC·2025-10-14 16:20
Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Sept. 17, 2025.Federal Reserve Chair Jerome Powell on Tuesday suggested the central bank is nearing a point where it will stop reducing the size of its bond holdings, but gave no long-run indication of where interest rates are heading.Speaking to the National Association for Business Economics' conference in Philadelphia, Powell provided a ...