{"id":139694,"date":"2021-09-24T15:45:30","date_gmt":"2021-09-24T15:45:30","guid":{"rendered":"https:\/\/precoinnews.com\/?p=139694"},"modified":"2021-09-24T15:45:30","modified_gmt":"2021-09-24T15:45:30","slug":"as-fed-readies-for-taper-chair-powell-convenes-listening-event","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/","title":{"rendered":"As Fed readies for taper, Chair Powell convenes listening event"},"content":{"rendered":"
FILE PHOTO: Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on the coronavirus crisis, on Capitol Hill in Washington, U.S., June 22, 2021. Graeme Jennings\/Pool via REUTERS\/File Photo<\/figcaption>

(Reuters) – Days after reaching broad consensus that labor markets have healed enough for the Federal Reserve to soon begin withdrawing support, Fed Chair Jerome Powell on Friday convened a listening session with a broad range of economic players to learn more about the still uncertain outlook.<\/p>\n

Powell\u2019s prepared remarks did not elaborate on his own economic or monetary policy outlook, which he had outlined at the close of a two-day Fed meeting on Wednesday.<\/p>\n

On that day, Powell said he felt the economy had mostly met the bar the Fed has set before beginning to taper its monthly asset purchases, with just one more \u201creasonably good\u201d monthly jobs report needed before pulling the trigger in November.<\/p>\n

But as Fed policymakers move toward what half of them expect to be a first interest-rate hike next year, they are keen to make sure they don\u2019t repeat past mistakes by withdrawing support too quickly or, by contrast, waiting too long and allowing inflation to take hold.<\/p>\n

To that end Powell and other top Fed officials on Friday were set to hear about conditions across the nation from people including the owner of a Raleigh, North Carolina restaurant, the superintendent of the Philadelphia public schools, the immediate past president of the Screen Actors Guild and the director of a home ownership counseling service in Arizona.<\/p>\n

\u201cMost of you are contending with changed workplaces, from safety protocols whose half-lives are unclear to fundamental shifts in how your industries operate, in everything from feeding people to how movies are released,\u201d Powell said in remarks prepared for delivery to the event. \u201cBusiness plans have been reworked, outlooks have been revised, and the future continues to be tinged with uncertainty.\u201d<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: Federal Reserve Chair Jerome Powell<\/p>\n","protected":false},"author":3,"featured_media":139693,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"\nAs Fed readies for taper, Chair Powell convenes listening event - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As Fed readies for taper, Chair Powell convenes listening event - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: Federal Reserve Chair Jerome Powell\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-24T15:45:30+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/09\/As-Fed-readies-for-taper-Chair-Powell-convenes-listening-event.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/\",\"url\":\"https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/\",\"name\":\"As Fed readies for taper, Chair Powell convenes listening event - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-09-24T15:45:30+00:00\",\"dateModified\":\"2021-09-24T15:45:30+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/precoinnews.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"As Fed readies for taper, Chair Powell convenes listening event\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"As Fed readies for taper, Chair Powell convenes listening event - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/","og_locale":"en_US","og_type":"article","og_title":"As Fed readies for taper, Chair Powell convenes listening event - Pre Coin News","og_description":"FILE PHOTO: Federal Reserve Chair Jerome Powell","og_url":"https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/","og_site_name":"Pre Coin News","article_published_time":"2021-09-24T15:45:30+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/09\/As-Fed-readies-for-taper-Chair-Powell-convenes-listening-event.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/","url":"https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/","name":"As Fed readies for taper, Chair Powell convenes listening event - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-09-24T15:45:30+00:00","dateModified":"2021-09-24T15:45:30+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/business\/as-fed-readies-for-taper-chair-powell-convenes-listening-event\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/precoinnews.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"As Fed readies for taper, Chair Powell convenes listening event"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/139694"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=139694"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/139694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/139693"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=139694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=139694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=139694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}